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 Organization File With Non-profit
Category:
State:
Multi-State
Control #:
US-02827BG
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Articles Of Incorporation, Not For Profit Organization, With Tax Provisions?
The Not Profit Organization File With Non-profit you see on this page is a reusable formal template drafted by professional lawyers in line with federal and state laws and regulations. For more than 25 years, US Legal Forms has provided individuals, businesses, and attorneys with more than 85,000 verified, state-specific forms for any business and personal occasion. It’s the quickest, simplest and most reliable way to obtain the documents you need, as the service guarantees the highest level of data security and anti-malware protection.
Acquiring this Not Profit Organization File With Non-profit will take you only a few simple steps:
- Search for the document you need and check it. Look through the file you searched and preview it or check the form description to verify it fits your needs. If it does not, utilize the search option to get the correct one. Click Buy Now when you have found the template you need.
- Subscribe and log in. Choose the pricing plan that suits you and create an account. Use PayPal or a credit card to make a prompt payment. If you already have an account, log in and check your subscription to proceed.
- Obtain the fillable template. Pick the format you want for your Not Profit Organization File With Non-profit (PDF, DOCX, RTF) and download the sample on your device.
- Complete and sign the paperwork. Print out the template to complete it by hand. Alternatively, utilize an online multi-functional PDF editor to quickly and accurately fill out and sign your form with a valid.
- Download your paperwork again. Utilize the same document again whenever needed. Open the My Forms tab in your profile to redownload any earlier purchased forms.
Subscribe to US Legal Forms to have verified legal templates for all of life’s scenarios at your disposal.
Form popularity
FAQ
How to Fill Out the Form W-9 for Nonprofits Step 1 ? Write your corporation name. ... Step 2 ? Enter your business name. ... Step 3 ? Know your entity type. ... Step 4 ? Your exempt payee code. ... Step 5 ? Give your street address. ... Step 6 ? Give your city, state, and zip code. ... Step 7 ? List account numbers.
Nonprofits can have a separate legal entity; not-for-profits cannot have a separate legal entity. Nonprofits run like a business and try to earn a profit, which does not support any single member; not-for-profits are considered ?recreational organizations? that do not operate with the business goal of earning revenue.
An organization that normally has $50,000 or more in gross receipts and that is required to file an exempt organization information return must file either Form 990, Return of Organization Exempt from Income TaxPDF, or Form 990-EZ, Short Form Return of Organization Exempt from Income TaxPDF.
An organization that normally has $50,000 or more in gross receipts and that is required to file an exempt organization information return must file either Form 990, Return of Organization Exempt from Income TaxPDF, or Form 990-EZ, Short Form Return of Organization Exempt from Income TaxPDF.
Although the words can be used differently by different groups, the simplest way to distinguish between them is to think of "not-for-profit" as an activity, like reading a book. The term "nonprofit" refers to an organization that is not intended to make a profit, like an adult literacy group.