Start non-profit 501 (c) (3) Florida

I am planning to start a charitable project of a nonprofit organization, but it is unknown where to start and how to proceed. You have heard the word "501 (c) (3)", but do not you know exactly what that word means and what it means? You are probably not alone. In this article I will discuss some problems related to the establishment and establishment of Florida nonprofit organization. It also describes the basic steps necessary to protect your charity. If you are planning to establish a nonprofit organization in Florida, the basic procedure is as follows.

With the mission of the proposed charitable in mind, we need to incorporate it. To incorporate a nonprofit organization, you need to prepare and submit the articles of association of the state of Florida corporation. The articles of incorporation are "create" non-profit organizations according to state law. In the article, the name of the corporation, the address of the corporation, the name and address of the registered agent are included in other provisions.

In addition, the article must include certain special provisions required by the IRS to form a charity nonprofit organization. Each of these provisions includes purpose and dissolution provision, respectively. Without such a clause your articles will not comply with IRS requirements. For this reason it is desirable to submit to professionals like CPA or a lawyer.

Upon preparation, the completed constitution must be filed with the state filing fee of $ 70.00 to the Florida state corporate department. Application fee must be paid to State Department of Florida. You need to send articles to PO Box 6327, Division of Corporations 32314 in Tallahassee, Florida.

After establishment, you need to obtain employment identification number (EIN) of your nonprofit organization. Non-profit organization EIN can be obtained in several ways. The fastest way is to apply online at the IRS website. But you may not be used to it. You can also fill in IRS form SS - 4 and fax it to IRS. Usually, EIN will be received within 4 business days. Please contact IRS (1-800-829-4933).

To establish an IRS accredited charity, the next major step is to apply for a status of 501 (c) (3) tax exemption to the IRS. In this step you fill out a reliable detailed application known as Form 1023 "Certification Request for Exemption". The purpose of completing this form is to make IRS recognize your organization as a tax exempt charity. Furthermore, once you obtain such a status of exemption, donors who donate to your charity can make donations subject to tax deductions to the amount permitted by law. In order to obtain such status of tax exemption, you must fill out application form 1023 and submit the completed application with IRS application fee along with the relevant IRS application fee. To obtain a copy of the application form, please contact IRS (1-877-829-5500).

Thereafter, the form is submitted to the IRS, and within approximately three to five months thereafter, the IRS will send it to the decision normally recognizing your subject as 501 (c) (3). If your application is incomplete or a problem occurs, the IRS will notify you. This may delay application processing.

Upon receiving the decision from the IRS, you need to notify the Florida State Taxation Bureau of the tax exemption status of your charity by sending a copy of the IRS decision letter to that department. You can contact the revenue department of Florida at 1-800-352-3671.

Another problem to consider is solicitation of donation. If you seek donation from the public to support your charity's mission, you need to register a charity in Florida. The registration process is managed by the Florida State Agriculture and Consumer Services Department. To register for a Florida state commitment, you must obtain a copy of the registration application from the Florida State Agricultural Consumer Services Authority, fill it out, and submit it with the applicable registration fee to that department . To obtain registration application, please contact Agricultural and Consumer Services Department (1-800-435-7352).

As a not-for-profit charity, you need to submit an annual report to the IRS. If the applicant fails to submit a filer for three consecutive years, this year's application requirements are important as companies may automatically lose tax exemption status. Such an event can be devastating to your organization. For this reason, we need to hire a consultant first to ensure continued compliance with federal tax code requirements.

I hope this will be helpful