How can a nonprofit be formed?
Forming a nonprofit organization in South Dakota requires a significant amount of effort. First, you’ll need to choose a name for your organization and make sure it isn’t already taken. Then, you must complete the Articles of Incorporation, which will serve as your official document for the organization. This document must be signed by the organization’s board of directors and include all relevant information, such as the organization’s name, address, purpose, and mission statement. After this document is filed, you must complete a form to apply for tax-exempt status with the IRS. Your organization must also follow the state’s requirements for record-keeping and legal compliance. Finally, you must apply for a state sales tax exemption and register with the South Dakota Secretary of State’s Office of Professional Regulation. After these steps have been completed and all the necessary documents have been filed, your nonprofit organization will be officially established in South Dakota.
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