What documents must be filed when forming a nonprofit corporation?

In South Dakota, the documents required to form a nonprofit corporation depend on the type of organization. Generally, the documents required are Articles of Incorporation, Bylaws, and an Application for exemption from Federal Income Tax. The Articles of Incorporation is a document that sets out the purpose of the organization, the name of the organization, the address and contact information of the organization, the name and address of the registered agent, the number of directors, and other information that creating a company requires. The Bylaws are a document that governs the operation and management of the organization. They provide information on the duties and responsibilities of directors, officers, and members, the powers of the directors, how meetings are conducted, and other organizational information that will keep the organization running smoothly. The Application for Exemption from Federal Income Tax (Form 1023) is an application that must be filed with the Internal Revenue Service (IRS) in order for the organization to become tax-exempt. This form will provide information such as the organization’s principal purpose, activities, and finances. These documents are necessary for any form of nonprofit corporation. It is important to ensure that all documents are correctly completed and filed in order for the organization to not only become legally recognized, but to be eligible for tax-exempt status.

Related FAQs

What documents must be filed when forming a nonprofit corporation?

Related FAQs

Related Blog Posts