How to Start a Non Profit
Things You'll Need
- IRS 501 (c) (3) exemption application and approval letter/application fees
- Articles of incorporation/filing and publication fees
- Attorney/fees (recommended)
- By-laws
- Corporate record binder (recommended)
- Business plan (recommended)
- Directories of grant-making agencies (recommended)
- Directors
- Tax forms
- IRS Employer Identification Number (EIN)
- Business license
- Home occupation permit, if required
Instructions
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1
Formulate a plan of action for your non-profit organization. Ask yourself, “What purposes will this non-profit serve?”
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2
Hire an attorney to handle the incorporation and application for tax-exempt status. Although not required, a lawyer can be helpful in assuring that you have complied with legal requirements for incorporating and any other legal scenarios that may occur in operating your corporation.
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3
Prepare and file your Articles of Incorporation with the appropriate state entity, usually the secretary of state. In order to qualify as a 501(c)(3) Tax Exempt Corporation, you must include specific wording that complies with IRS requirements. A filing fee must also be paid.
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4
Publish your articles of incorporation in a newspaper of general circulation according to your state’s requirements.
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5
Buy a corporate recordkeeping kit. These kits can greatly reduce your workload and preparation of paper document requirements. Most kits contain a variety of forms (such as a set of fill-in-the-blank by-laws).
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6
Obtain a business license. If you are operating the agency from your home, you will likely be required to obtain a “Home Occupation Permit” in order to get your business license.
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7
Obtain an Application for an Employer Identification Number from the IRS either in person, by mail or by visiting the IRS website and downloading an application.
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8
Acquire a copy of an Application for Tax Exempt Status. Complete the application and enclose the appropriate non-refundable application fee.
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9
Attach all required documentation to the 501(c)(3) application. You must also include a copy of the checklist certifying that you have complied by attaching all necessary documentation such as your Articles of Incorporation, By-Laws and other information.
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10
Wait until you receive your IRS approval letter before attempting to apply for grants. Most grant-making organizations will not consider grant applications until they receive an actual IRS approval letter.
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11
Photocopy your application and all other materials.
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12
Mail your completed application to the IRS along with their fee. A response to your application can take six months or more.
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