Start a nonprofit corporation

Starting A nonprofit corporation in the United States is similar to starting a regular "for profit" corporation. The difference is that a nonprofit has to apply for tax-exempt status with the Internal Revenue Service and with their state tax division.

Generally, charitable, religious, educational and scientific organizations are the types of entities that form nonprofit corporations.

Most of these type of organizations form a nonprofit corporation with two purposes in mind. First is to seek 501(c)(3) tax-exempt status and next is to provide limited liability for the people involved.

The actual mechanics and procedures are listed below but are not in any order.

• Choose an available business name that meets requirements of the state that you are applying to.
• You must then file all of the paperwork like the articles of incorporation.
• You must Apply for your federal and state tax exemptions.
• You must create your corporate bylaws. These set out the operating rules.
• You must appoint the directors of your new corporation and hold the first meeting of that board.
• Be sure and obtain any licenses or permits that may be required and pay any applicable fees.

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