Id like to start a Charitable Organization, what are the first few steps of the process?
Before you begin, make sure there is a need and you have a viable plan of action. See: wikiHOW: How to Start a 501c3 Nonprofit Organization Get an Employer Identification Number (EIN) from the IRS. This is typically needed to open bank accounts, file employee taxes, and other filings where a unique identifier is needed. Using a social security number could cause future tax problems, so an EIN is important and the IRS provides them at no charge. IRS tax exemption is needed for most organizations. Incorporate with the New Mexico Public Regulations Commission. If you plan on paying employees, you will need to check with the Department of Labor as well as the IRS for information on employee taxes, social security, etc. Register with the NM Attorney General’s Office. For additional assistance, we recommend that an organization consult an attorney that specializes in nonprofit law.
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