Non-Profit 501(c)(3)

How to Form a Non-Profit Corporation and Obtain Tax-Exempt Status

The first thing you should do before starting a 501(c)(3) non-profit organization is make sure you have done research and are creating a non-profit organization that is needed. Make sure the goals that you have are reasonable and can be achieved. Also, you will need to pick out a name for your organization and make sure that it has not been used before. You can search on the Secretary of State’s website to determine name availability.

Next, establish a board of directors. Each non-profit organization is required to have a board. It can be made up of only one person, but it is recommended to have more. Once you have selected who will be on your board of directors, the next step is actually forming the organization. First, you should file your articles of incorporation with the North Carolina Department of the Secretary of State.

Then, your organization will need bylaws created. These bylaws will need to be adopted by your board of directors. These will govern your organization and make sure everything is run smoothly, as well as being the document to go to when disagreements about procedure arise.

Afterwards, a Federal Employer Identification Number (EIN) will be needed and application for tax-exempt status as a 501(c)(3) non-profit will follow. Once you achieved federal tax-exempt status, you can apply for state tax exempt status by contacting the NC Department of Revenue and local tax exempt status by contacting your local county tax office.

Also, if you solicit donations for your non-profit, you will need to obtain a Charitable Solicitation license from the Secretary of State’s office. Once all of this is completed and all of the right forms have been submitted, your organization should be created! The process can be long, arduous, and even taxing; therefore, please contact one of the attorneys at King Law Offices to assist you in this new endeavor!