How do I set up a non-profit organization?

Setting up a non-profit in the District of Columbia starts with filing the necessary paperwork with the DC Department of Consumer and Regulatory Affairs (DCRA). First, you must fill out an application for a fictitious name certificate, which allows you to conduct business under a name other than your legal name. Additionally, you must apply for a DC business license, which can be found online on the DCRA website. Once you have these two documents, you may apply for the non-profit status from the DCRA. Here, you must provide documents related to the formation of the business, such as the Articles of Incorporation and By-laws. You must also provide financial statements, including the balance sheet, income statement, and any other documents necessary. After you have submitted these documents, the DCRA will review them and make a ruling on whether or not your organization has been approved for non-profit status. If you are approved, you can begin to operate as a non-profit and be eligible for certain tax exemptions. Additionally, you may need to apply for an Employer Identification Number (EIN) from the IRS in order to open a bank account and apply for grants and other funds. Once you have all of these documents, you can begin operating your non-profit and providing services to the community.

Related FAQs

What is a business succession plan?
How do I negotiate contracts with suppliers?
What is a business plan template?
What is a corporate compliance program?
How do I form a professional corporation?
What documents do I need for a business formation?
What are the pros and cons of different forms of business?
What is corporate tax planning?
What is a buy-sell agreement?
What are the advantages of forming a limited liability company?

Related Blog Posts

Understanding the Basics of Business Formation Law - July 31, 2023
What You Need to Know Before Starting Your Business - August 7, 2023
The Financial and Legal Aspects of Starting a Business - August 14, 2023
Why It's Important to Have a Legal Guide When Forming Your Business - August 21, 2023
Navigating State and Federal Laws When Forming a Business - August 28, 2023