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A Non-Stock Corporation is basically a corporation that does not issue shares of stock. It can be formed as either a for-profit or non-profit corporation. Since the Non-Stock Corporation has no shareholders, it is owned by its members meaning a member-owned corporation that does not issue shares of stock.
Option 1: Create an account to file your Articles of Organization on the Maryland Business Express website. Once logged in, select Start a New Filing, and then Register a Business. Option 2: Access the Articles of Organization PDF from the Maryland State Department of Assessments and Taxation website.
Option 1: Create an online account or log in to the Maryland Business Express website. Then, select Maryland Limited Liability Company on the Register a New Business page. Option 2: Access the Articles of Organization PDF from the Maryland State Department of Assessments and Taxation website.
Nonprofit incorporation usually involves these steps: Choose a business name that is legally available in your state and file for an EIN (Employment Identification Number) Prepare and file your articles of incorporation with your state's corporate filing office, and pay a filing fee.
Broadly, articles of incorporation should include the company's name, type of corporate structure, and number and type of authorized shares. Bylaws work in conjunction with the articles of incorporation to form the legal backbone of the business.
The name of your corporation. your corporation's principal place of business. the name and address of your corporation's registered agent. a statement of the corporation's purpose. the corporation's duration. information about the number of shares and classes of stock the corporation is authorized to issue.
In order to form a nonprofit corporation, you must file articles of incorporation (sometimes called a "certificate of incorporation" or "charter document" or "articles of organization") with the state and pay a filing fee.
Name Your Organization. Choose a Maryland nonprofit corporation structure. Recruit Incorporators and Initial Directors. Appoint a Registered Agent. Prepare and File Articles of Incorporation. File Initial Report. Obtain an Employer Identification Number (EIN) Store Nonprofit Records.
Legal Name of the Organization (Not taken by other companies in your State) Address of the Organization (Should be in the Incorporating State) Incorporator of the Nonprofit Organization.