Menu
Please Note: We sincerely hope you're staying safe during the COVID-19 Emergency. At IncNow, we've made adjustments to keep our team safe, like working remotely, but we're still here and open for all of your incorporation and registered agent needs.

Archives for "N"

Non-Profit Corporation

Created with the filing of a Certificate of Incorporation with the Secretary of State, it contains provisions that provide for it to be a non-stock non-profit Corporation conducted by a Board of Directors for a charitable purpose. Three articles required by the IRS are added to the Certificate of Incorporation to allow the assets of the corporation to be used for a similar purpose if the business is terminated. After the Certificate of Incorporation is filed, the Incorporator signs the Initial Minutes of the Meeting of Incorporator appointing the initial directors and adopting the bylaws. While it is possible to only have one director, it is recommended to have at least three named, because that is the minimum number the IRS requires to request a tax determination letter. Within eighteen months of incorporating, the Non-Profit Corporation should submit a Form 1023 application for tax exemption.