Once you determined what cause you may want to support or start, now is the time to make it official. It's not as daunting as it sounds and you can start without incorporating and establishing as a 501(c)(3) with the IRS. However, becoming official will ensure people will view your organization as more credible. If you can find a local attorney who will work pro bono is the best route to go if you don't have the funds to hire one. They will most likely expect you to pay the filing fees which are dependent on each state's requirements. The 501(c)(3) filing will be an additional costs if you would like to gain tax exemption status which I find is quite worth it. If you don't have the funds to hire an attorney or can't find one willing to work pro bono, there are tons of resources online to help you file with each state's respective offices. The tools available are excellent and it can be done. I filed my own tax exemption status with the IRS and only had to clarify one small item.
The steps to incorporate include:
- File articles of incorporation with the Secretary of State in your state or other agency pending the rules for your particular state. They typically have all the tools necessary to create your own without an attorney but I like to use attorneys to ensure I haven't missed anything.
- Apply for tax exemption with the IRS. Again, there will be a filing fee and you can do this on your own without an attorney. It is recommended that you use one to ensure you aren't overlooking something and they of course, have the best legal advice.
- Register with the state(s) you are planning to have fundraising activities. Each state is different so make sure you check out the rules as some will require you to register and some won't.
Side notes:
Create a meaningful vision statement. You will need this throughout all your activities from promotion to requesting grants.
No Comments Yet, Leave Yours!