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Bylaw Provision For Obtaining Federal Nonprofit Status Article Restatement of Purpose

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US-0587-WG
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Bylaw Provision For Obtaining Federal Nonprofit Status Article Restatement of Purpose
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FAQ

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.

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.

Article I. Name and purpose of the organization. Article II. Membership. Article III. Officers and decision-making. Article IV. General, special, and annual meetings. Article V. Board of Directors.

Like the Constitution, your bylaws should deal with only the highest level of governing issues such as: Organizational purpose, board structure, officer position descriptions and responsibilities, terms of board service, officer/board member succession and removal, official meeting requirements, membership provisions,

Federal tax law does not require specific language in the bylaws of most organizations. State law may require nonprofit corporations to have bylaws, however, and nonprofit organizations generally find it advisable to have internal operating rules.

Your nonprofit's bylaws are both a legal document and a roadmap for your organization's actions. A required element when forming a corporation, bylaws are a form of agreement or a contract between the corporation and its owners to conduct itself in a certain way.

Like the Constitution, your bylaws should deal with only the highest level of governing issues such as: Organizational purpose, board structure, officer position descriptions and responsibilities, terms of board service, officer/board member succession and removal, official meeting requirements, membership provisions,

When to Update Your Bylaws. Your board of directors should regularly review the bylaws to ensure they are following the procedures outlined in the document, and to make updates as necessary. Review Your State's Laws. Draft the Amendment. Review and Follow Procedures for Updates. Submit Amendments to Government Agencies.

The official name of your nonprofit. the organization's principal address (the location where you will store your corporate records) the organization's purpose (more below) an outline of the board structure (minimum and maximum number of directors)

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Bylaw Provision For Obtaining Federal Nonprofit Status Article Restatement of Purpose