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.
Not Profit File With Texas
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How to fill out Articles Of Incorporation, Not For Profit Organization, With Tax Provisions?
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When speaking about NPO's the public spells them many ways. This includes nonprofit, non-profit and also non profit. While it is acceptable to use any of these versions the most widely accepted spelling is nonprofit all one word.
To start a nonprofit in Texas, choose your organization's name, your incorporator and directors. Then, hire or appoint a registered agent, file your articles of incorporation, create your bylaws with your board of directors, obtain an EIN and a business license and, finally, file for state and federal tax exemptions.
Under Texas law, most charities or nonprofit organizations are not required to register with the State.
To start a nonprofit in Texas, choose your organization's name, your incorporator and directors. Then, hire or appoint a registered agent, file your articles of incorporation, create your bylaws with your board of directors, obtain an EIN and a business license and, finally, file for state and federal tax exemptions.
How long does it take to start a Texas nonprofit? Texas Articles of Incorporation ? Turnaround 3-5 business days. You can pay an additional $25 expedite fee to get your mailed filing in 2 business days.