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 The Michigan Corporations Division
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How to fill out Articles Of Incorporation, Not For Profit Organization, With Tax Provisions?
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FAQ
The Articles of Organization are a form that tells the Michigan Department of Licensing and Regulatory Affairs important information about your LLC. Once LARA approves your LLC, your company officially exists. The Articles of Organization ask for your LLC name, business address, Registered Agent, and other information.
Submit with check or money order by mail: Michigan Department of Licensing and Regulatory Affairs Corporations, Securities & Commercial Licensing Bureau Corporations Division P.O. Box 30054 Lansing, MI 48909 1. This form may be used to draft your Articles of Organization.
The Articles of Organization is a document created by LLCs in Michigan to declare how the owners of the company, called members, plan to operate their business. Choosing to create a company as an LLC can be a smart move for many businesses.
In the state of Michigan, an LLC must file an Articles of Organization form with the Corporations, Securities & Commercial Licensing Bureau of the Michigan Department of Licensing and Regulatory Affairs.