How to form a nonprofit corporation / Attorney Anthony Mancuso.
2019
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Items
Details
Author
Title
How to form a nonprofit corporation / Attorney Anthony Mancuso.
Added Corporate Author
Edition
14th edition.
Imprint
Berkeley, California: Nolo, 2019.
Copyright
©2019
Description
1 online resource : illustrations, forms
Formatted Contents Note
Part 1: How nonprofit corporations work
1. Is nonprofit incorporation right for you?
Is your group a nonprofit that can use this book?
Benefits of the nonprofit corporation
The disadvantages of going nonprofit
How nonprofits raise, spend, an and make money
Your path to nonprofit status
Where should you incorporate?
2. Legal rights and duties of incorporators, directors, officers, employees, and members
How many people are needed to form a nonprofit corporation?
Incorporators and their role as promoters
Directors
Officers
Employees
Membership nonprofits
3. Requirements for section 501(c)(3) tax exemption
Section 501(c)(3) organizational test
Valid purposes under section 501(c)(3)
Other requirements for 501(c)(3) groups
Information for specific questions about your group's activities
4. Public charities and private foundations
The importance of public charity status
How to qualify for public charity status
Private foundations
5. Other tax benefits and reporting requirements
Federal and state tax deductions for contributions
Federal estate and gift tax exemptions
Federal unrelated business income tax
State corporate income tax exemptions
Other state taxes
State solicitation regulations
State nonprofit corporate report requirements
Part 2: Incorporating your nonprofit
6. Choose a name and file your articles of incorporation
View materials from your secretary of state
Choose a corporate name
Check name availability
What to do when there's a name conflict
Reserve your corporate name
Perform a name search
Protect your name
Prepare your articles of incorporation
File your articles of incorporation
7. Prepare your bylaws
Choose a membership or nonmembership structure
Purpose and scope of our bylaws
Prepare your bylaws
Prepare membership provisions
8. Apply for your federal 501(c)(3) tax exemption
Getting started
Do you need to file form 1023?
Prepare your tax exemption application
Filling out the schedules
Assemble and mail your application to the IRS
What to expect from the IRS
The federal determination letter
9. Final steps in organizing your nonprofit corporation
Obtain state corporate income tax exemption
Set up a corporate records book
Prepare the minutes of your first board of directors meeting
Place minutes and attachments in corporate records book
Issue membership certificates
File fictitious or assumed business name statement
Apply for a federal nonprofit mailing permit
Apply for property tax exemptions
File an initial corporate report form
Register with the attorney general
Comply with political reporting requirements
Prepare assignments of leases and deeds
File final papers for prior organization
Notify others of your incorporation
10. After your corporation is organized
Piercing the corporate veil : If you want to be treated like a corporation, it's best to act like one
Federal corporate tax returns
State corporate tax returns and reports
Federal and state corporate employment taxes
Employee income tax returns
Sales tax forms and exemption from sales tax
Licenses and permits
Workers' compensation
Private insurance coverage
Dissolving a nonprofit corporation
11. Lawyers and accountants
Lawyers
Legal research
Accountants and tax advice
Appendixes. A. Using the downloadable forms and other online material
B. How to locate incorporation resources online
C. Information and forms.
1. Is nonprofit incorporation right for you?
Is your group a nonprofit that can use this book?
Benefits of the nonprofit corporation
The disadvantages of going nonprofit
How nonprofits raise, spend, an and make money
Your path to nonprofit status
Where should you incorporate?
2. Legal rights and duties of incorporators, directors, officers, employees, and members
How many people are needed to form a nonprofit corporation?
Incorporators and their role as promoters
Directors
Officers
Employees
Membership nonprofits
3. Requirements for section 501(c)(3) tax exemption
Section 501(c)(3) organizational test
Valid purposes under section 501(c)(3)
Other requirements for 501(c)(3) groups
Information for specific questions about your group's activities
4. Public charities and private foundations
The importance of public charity status
How to qualify for public charity status
Private foundations
5. Other tax benefits and reporting requirements
Federal and state tax deductions for contributions
Federal estate and gift tax exemptions
Federal unrelated business income tax
State corporate income tax exemptions
Other state taxes
State solicitation regulations
State nonprofit corporate report requirements
Part 2: Incorporating your nonprofit
6. Choose a name and file your articles of incorporation
View materials from your secretary of state
Choose a corporate name
Check name availability
What to do when there's a name conflict
Reserve your corporate name
Perform a name search
Protect your name
Prepare your articles of incorporation
File your articles of incorporation
7. Prepare your bylaws
Choose a membership or nonmembership structure
Purpose and scope of our bylaws
Prepare your bylaws
Prepare membership provisions
8. Apply for your federal 501(c)(3) tax exemption
Getting started
Do you need to file form 1023?
Prepare your tax exemption application
Filling out the schedules
Assemble and mail your application to the IRS
What to expect from the IRS
The federal determination letter
9. Final steps in organizing your nonprofit corporation
Obtain state corporate income tax exemption
Set up a corporate records book
Prepare the minutes of your first board of directors meeting
Place minutes and attachments in corporate records book
Issue membership certificates
File fictitious or assumed business name statement
Apply for a federal nonprofit mailing permit
Apply for property tax exemptions
File an initial corporate report form
Register with the attorney general
Comply with political reporting requirements
Prepare assignments of leases and deeds
File final papers for prior organization
Notify others of your incorporation
10. After your corporation is organized
Piercing the corporate veil : If you want to be treated like a corporation, it's best to act like one
Federal corporate tax returns
State corporate tax returns and reports
Federal and state corporate employment taxes
Employee income tax returns
Sales tax forms and exemption from sales tax
Licenses and permits
Workers' compensation
Private insurance coverage
Dissolving a nonprofit corporation
11. Lawyers and accountants
Lawyers
Legal research
Accountants and tax advice
Appendixes. A. Using the downloadable forms and other online material
B. How to locate incorporation resources online
C. Information and forms.
Summary
Learn how to form a nonprofit corporation in any state and gain 501(c)(3) tax-exempt status with the IRS. Includes step-by-step instructions for both IRS Form 1023 and the streamlined Form 1023-EZ federal tax-exemption application. Learn to choose a legal name; prepare articles of incorporation; create your bylaws; obtain federal and state tax-exempt status; prepare minutes for your organizational meeting; and, establish a corporate records book.
Note
Includes index.
"With downloadable forms ; Create articles, bylaws & minutes"--Cover.
"Free legal updates at Nolo.com"--Cover.
"With downloadable forms ; Create articles, bylaws & minutes"--Cover.
"Free legal updates at Nolo.com"--Cover.
Source of Description
Print version.
Access Note
Access restricted to subscribing institutions.
Linked Resources
Alternate Title
Legal Information Reference Center.
Cover Title
How to form a nonprofit corporation : a step-by-step guide to forming a 501(c)(3) nonprofit in any state
Language
English
Record Appears in