What specific steps are necessary in order form a nonprofit corporation?
The first step in the process, is to prepare and file the nonprofit articles of incorporation with the proper state authority. The articles must contain the required language in order to qualify for tax-exempt status. Corporate Service Bureau prepares and files nonprofit articles of incorporation. Tax-exempt status must be applied for at both the federal and state levels after the nonprofit articles are filed. To apply at the federal level, a timely filing of form 1023 must be made. The 1023 application must be postmarked within 15 months after the end of the month when your articles were filed. Furthermore, as long as you file on time, the tax-exemption is effective retroactively to the date on which your articles of incorporation were filed. This step must be complied with by one of the principals of the nonprofit corporation. To determine what form needs to be filed at the state level, contact your state department that deals with taxation. The corporation must hold annual meetings
