A nonprofit corporation is one that is organized for charitable or benevolent purposes. These corporations include certain hospitals, universities, churches, and other religious organizations. A nonprofit entity does not have to be a nonprofit corporation, however. Nonprofit corporations do not have shareholders, but have members or a perpetual board of directors or board of trustees.
The proper form and necessary content of articles or certificates of incorporation for a nonprofit corporation depend largely on the requirements of the state nonprofit corporation act in the state of incorporation. Typically nonprofit corporations have no capital stock and therefore have members, not stockholders. Because federal tax-exempt status will be sought for most nonprofit corporations, the articles or certificate of incorporation must be carefully drafted to include specific language designed to ensure qualification for tax-exempt status.
Articles Organization Form With Pictures
Category:
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Multi-State
Control #:
US-02827BG
Format:
Word;
Rich Text
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How to fill out Articles Of Incorporation, Not For Profit Organization, With Tax Provisions?
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FAQ
Included in the Articles of Organization are: your LLC name. your LLC's Registered Agent. your LLC's business address. the effective date of your LLC. the duration of your LLC. and whether your LLC is Member-managed or Manager-managed.
Punctuation It should be treated as part of the business name and not separated by punctuation. For example: Correct: "ABC Company, LLC, is a leading provider of IT services." Incorrect: "ABC Company, LLC, is a leading provider of IT services."
Articles of organization are part of a formal legal document used to establish a limited liability company (LLC) at the state level. The materials are also used to create the rights, powers, duties, liabilities, and other obligations between each member of an LLC and also between the LLC and its members.
Complete your Articles of Organization Name. ... Principal Place of Business. ... Effective Date. ... Illinois Registered Agent. Purpose (optional) ... Duration of Company. ... Additional Provisions (optional) ... At least one Member.
You can file the Articles of Organization online and pay the filing fee by credit card. You may also file them by mail and include the requisite fee. If you use mail to file, your WI LLC Articles of Organization must contain an original signature. Expedited service is also available.