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Nonprofit Kit For Dummies, 6th Edition
book

Nonprofit Kit For Dummies, 6th Edition

by Beverly A. Browning, Stan Hutton, Frances N. Phillips
October 2021
Beginner
464 pages
12h 19m
English
For Dummies
Content preview from Nonprofit Kit For Dummies, 6th Edition

Chapter 5

Incorporating and Applying for Tax-Exemption Status

IN THIS CHAPTER

Bullet Forming a nonprofit corporation

Bullet Writing your organization’s articles of incorporation

Bullet Applying for an employer identification number (EIN)

Bullet Creating bylaws — the rules of your nonprofit

Bullet Scheduling board meetings

Bullet Applying for IRS tax exemption

If you want to provide programs and services as a nonprofit organization, you must set up the legal structure for your organization and apply for its tax exemption. This process usually consists of forming a nonprofit corporation under the laws of your state and then submitting an online application to the Internal Revenue Service (IRS), requesting that your organization be recognized as tax-exempt. You must take care of these tasks, which require attention to detail and ample planning, before you can begin to fulfill your mission.

In this chapter, we provide you with ...

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Publisher Resources

ISBN: 9781119835721Purchase Link