Id like to start a Non-profit Organization, what are the first few steps of the process?
• Before you begin, make sure there is a need and you have viable plan of action. About: Nonprofit 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. • File with the NM Attorney General’s Office. • For additional assistance, you may wish to consult an attorney that specializes in nonprofit law.
