Kentucky Membership Certificate of Nonprofit or Non Stock Corporation
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How to fill out Membership Certificate Of Nonprofit Or Non Stock Corporation?
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FAQ
Costs of starting a new nonprofit in Kentucky Articles of Incorporation: $8. 501(c): $275 or $600 IRS fee.
The Internal Revenue Service (IRS) requires that all nonprofits registered at the federal level maintain a minimum of three members on the board of directors.
Apply for federal tax-exempt status You may apply for federal 501(c)(3) status for your Kentucky nonprofit LLC the way most tax-exempt organizations do: by submitting Form 1023.
While the IRS does not impose any maximum limitations, an efficient range for many nonprofits is between eight and 14 members. Some organizations have as many as 20 or more, but this is not ideal because it is difficult to govern this many individuals.
BOARD OF DIRECTORS The number of directors of a non-profit corporation shall not be less than 3. The directors constituting the first board of directors shall be named in the articles of incorporation and shall hold office until the first annual election of directors.
Directors make up the governing body of your nonprofit corporation and are stakeholders in your organization's purpose and success. You'll want to identify three, unrelated individuals to meet IRS requirements.
To start a nonprofit corporation in Kentucky, you must file nonprofit articles of incorporation with the Kentucky Secretary of State. You can file your articles online, by mail, or in person. The articles of incorporation cost $8 to file.
Any number of offices may be held by the same person unless the articles or bylaws provide otherwise, except that no person serving as the secretary, the treasurer, or the chief financial officer may serve concurrently as the president or chair of the board.
