Non-profit organizations do a lot of good, and more and more are forming every day. They are a great way of doing charity and making a positive impact on the community. If you have an idea to do charity in your community, a nonprofit tax-exempt organization may be the right fit for you. To form a nonprofit, the following steps are necessary:
Draft and Submit Articles of Incorporation
Apply for and Receive Federal Employer Identification Number
Draft Bylaws of Organization
Hold Organizational Meeting
Apply for Federal Tax Exempt Status
Apply for Indiana Sales Tax Exempt Status
These are some of the steps necessary to form a nonprofit and receive its tax exempt status. In later posts, we will delve into the details of each step. Stay tuned.