Wednesday, December 30, 2015

Eleven Steps to Nonprofit Incorporation: Part 1

Before deciding to pursue nonprofit incorporation, completing thorough research is important. There are tons of books and resources available. The key is finding the best resource for you because otherwise it can feel like information overload. There are a few things that I would have definitely have done differently but the excerpt below is from "Starting a Nonprofit Organization in Georgia" manual published by Georgia Center for Nonprofits and it is a very helpful resource.

Georgia Attorneys’ Recommendations: The Eleven Steps to Nonprofit Incorporation


1. Reserve the Organization's Name
Search your states Secretary of State Securities & Business Regulations Registered Charitable Organization Database to ensure that your business name is available and then you have the option (not required) to reserve this name for a short time period 

2. File Articles of Incorporation
File your articles of incorporation with the Secretary of State's Corporation Division, within 30 days of reserving your organization's name. The cost is $100 and the renewal fee is $30 in the state of Georgia, check with your state because cost may vary. 

3. Publish Intent to Incorporate
Publish a notice of Intent to Incorporate with county newspaper of record listed with the county clerk's office. This must be done simultaneously with filing the Articles of Incorporation. 

 
4. Apply for the Federal Employer Identification Number
This is done through the IRS. 

5. Prepare Organization By-laws


6. Conduct an Initial Meeting of the Board of Directors

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