A 501c3 Can Be Started Almost Instantly - How To Start

Creating a nonprofit is an exciting and sometimes confusing experience. It may not be the best sales pitch, but it is the truth.

1. Deciding on a Name for Your Nonprofit

Naming your organization is one of the first steps in how to start a 501c3. In most states, you must name your organization before you begin the process.

Some states require you to reserve the nonprofit name before filing any other paperwork.

2 .File your nonprofit articles of incorporation

For non-profits, articles of incorporation must be filed with the state, not with 501.c.3.

This step signifies your state's recognition of you as a legal entity. Incorporation procedures vary from state to state.

Be careful in the way of how to start a 501c3. Some nonprofit incorporation paperwork may be misleading. Not all states require the same information as the IRS. When you apply for your 501.c.3, the articles of incorporation may be lacking vital information.

Be sure to include the IRS language in your articles, even if your state does not ask for it.

3 .Establish the Bylaws of Your Nonprofit

The process of researching and deciding your nonprofit's bylaws can be very time-consuming. Bylaws will serve as a guideline for the operation of your nonprofit. The purpose of your organization, board guidelines, membership rules, conflict of interest clauses, as well as other legal matters must be clear.

In addition, the IRS wants to see specific language in your bylaws regarding the nature of your nonprofit organization.

4 .Organize a nonprofit meeting

The first official meeting of your nonprofit must take place. At this meeting, your board will elect officers on how to start a 501c3, your bylaws will be adopted, and your accounts will be established.

This is an important nonprofit meeting that should be recorded in minutes.

5 .Create your nonprofit corporate binder

Keeping good records is an important part of running a nonprofit. It has been incorporated with your state, your nonprofit bylaws have been drafted, and your first meeting has already been held. Arrange these documents in your Nonprofit Corporate Binder.

6 .Register your nonprofit with a 501.c.3 tax identification number

The majority of nonprofits seek to obtain 501.c.3 tax exemptions. Collect your articles of incorporation and nonprofit bylaws. Ensure that all the necessary clauses, disclaimers, and language are included. Submit these along with the IRS Form 1023.

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