Key Points For Non-Profit Articles Of Incorporation
Corporations which are organized have two basic classifications: they can either be a profitable or a non-profitable organization. Here, we will concentrate on non-profit organizations. The main purpose of a non-profit organization is to support a particular cause instead of being concerned about earning profit. There is a wide array of causes that a non-profit organization can concentrate on environmental issues, womens rights, human rights, charities, art and literature, health care, sports, religion, politics the list goes on and on.
To establish a non-profit organization, the organizer or members need to register the non-profit organization by submitting a legal document in the form of a Non-profit Articles of Incorporation. This will serve as a guide which will indicate the structure of the non-profit organization, to ensure that it will serve whatever specific purpose it may deem to serve. Thus, the first step towards establishing a non-profit organization is through the Non-profit Articles of Incorporation.
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In the state of Florida, for example, the Non-Profit Articles of Incorporation is pursuant to the Chapter 617 under the Florida Statutes. Because of its non-profit purpose that will benefit charitable organizations, filing for the Non-Profit Articles of Incorporation will qualify the members of the non-profit organization to apply for the IRS federal tax exemptions. The content of a non-profit organization may need to be more detailed, and you can visit www.irs.gov to get more information on the required clauses that will show the purpose of the non-profit organization, as well as the dissolution of assets provision. For the first article which includes the name of the Non-Profit Articles of Incorporation, it says that the word Company or its abbreviation Co. may not be used as an extension for the name of a non-profit organization. Other words that can be used are Society, Association, Foundation and the like can be used instead.
The most important part under the Non-Profit Articles of Incorporation is the specific purpose that the non-profit organization will serve. The method of electing the director, the names and addresses of the officers as well as the incorporators are other pertinent details that should be included with the Non-Profit Articles of Incorporation. Finally, the specific date of when the non-profit organization will start should also be indicated in the Non-Profit Articles of Incorporation. By incorporating all these elements when you are writing the Articles of Incorporation for a non-profit organization, then you can be on start working on the specific cause as soon as you receive the certification from the office of the Secretary of State.
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