Requirement to Create a private NFP entity under state laws:
Rules for incorporating a non profit organization are very similar to the rules for incorporating a for-profit business. Incorporated nonprofits can receive grants and donations, and the process of obtaining tax-exempt status is more straight forward.
Organizations that want to incorporate must file articles of incorporation or similar paper work with the secretary of State or the governing office responsible for regulating busniess structures in the state the nonprofit plans to operate.
The Oragnisation must also create a purpose clause which describes organizational objectives.
Non-Taxable status:
Steps to apply for Tax Exempt status
Your client Mary Lyon is going to establish a private non-for-profit organization to assist homeless women....
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