The corporation may, however, pay reasonable compensation for services rendered, and make other payments and distributions consistent with these Articles. The period of duration of the corporation is perpetual. The property of the corporation is irrevocably dedicated to its educational and charitable purposes.
Sample purpose in detail: Notwithstanding any other provision of this document, the corporation shall not carry on any other activities not permitted to be carried on a by any organization exempt from federal income tax under section c 3 writing articles of incorporation non-profit the Internal Revenue Code, corresponding section of any future federal tax code, or b by an organization, contributions to which are deductible under section c 2 of the Internal Revenue Code, or corresponding section of any future federal tax code.
This is required by most states and can be amended, if need be, at a later date. At times, per the discretion of the board of directors, we may provide internships or volunteer opportunities which will provide opportunities for involvement in said activities and programs in order to have a greater impact for change.
In the event that the court shall find that this section is applicable but that there is no qualifying organization known to it which has a charitable purpose, which, at least generally, includes a purpose similar to this corporation, then the court shall direct the distribution of its assets lawfully available for distribution to the Treasurer of the State of Montana to be added to the general fund.
Some corporations choose to have a lawyer as their registered agent. What is Included in the Articles of Incorporation No matter the type or size of your new business, most states require that the articles of incorporation include, at a minimum, the following information: NAME The name of this corporation is: This statement is a requirement for federal tax exempt status.
The articles of incorporation will usually identify the incorporators of the corporationwho initiate the incorporation process and are often responsible for signing the articles of incorporation prior to filing with the state.
The registered agent can and most likely will be changed throughout your organizations existence. Notwithstanding any other provision of these articles, the corporation shall not carry on any other activities not permitted to be carried on a by a corporation exempt from federal income tax under section c 3 of the Internal Revenue Code, or the corresponding section of any future federal tax code, or b by a corporation, contributions to which are deductible under section c 2 of the Internal Revenue Code, or the corresponding section of any future federal tax code.
Many organizations appoint a board member or their Executive Director to this position. No part of the assets, receipts, or net earnings of the corporation shall inure to the benefit of, or be distributed to any individual. Next Steps Contact a qualified business organizations attorney to help you choose the best formation for your business.
The IRS also advises: Stock information -- including number of shares the corporation is authorized to issue, designation of classes of shares, and value of each share. DISSOLUTION Upon the dissolution of the corporation, assets shall be distributed for one or more exempt purposes within the meaning of section c 3 of the Internal Revenue Code, or the corresponding section of any future federal tax code, or shall be distributed to the federal government, or to a state or local government, for a public purpose.
The initial directors shall be three 3 in number. Once filed and approved by the state, the articles of incorporation legally create the corporation as a registered business entity within the state. Nam of the corporation is not organized and shall not be operated for the private gain of any person.
They are responsible for receiving legal and corporate documents on behalf of your organization. The registered agent is your organizations representative or the public face of your organization. The names and addresses of these initial directors are as follows: The court upon a finding that this section is applicable shall select the qualifying organization or organizations to receive the assets to be distributed, giving preference if practicable to organizations located within the State of Montana.
No substantial part of the activities of the corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the corporation shall not participate in, or intervene in including the publishing or distribution of statements any political campaign on behalf of or in opposition to any candidate for public office.
This corporation is organized exclusively for charitable, religious, educational, and scientific purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under section c 3 of the Internal Revenue Code, or the corresponding section of any future federal tax code.
If the articles name the director s of the new corporation, the director s may also be required to sign the articles of incorporation before they are filed. ADDITIONAL PROVISIONS No part of the net earnings of the corporation shall inure to the benefit of, or be distributable to its members, trustees, officers, or other private persons, except that the corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth in Article Third hereof.Free Non-Profit Articles of Incorporation Template Articles of incorporation Word document with c3 language As you may be finding out, no secretary of state or corporations division provides an articles of incorporation template that has c3 tax exemption language on it in a usable format.
Articles of Incorporation of the XYZ Theater Company, Inc. Sometimes you’re required to add a short paragraph after the heading, stating that the incorporators adopt the following articles under the [cite the state code number under which you’re filing] of.
ARTICLE BY-LAWS The Board of Directors shall have the power to adopt, amend or repeal the By-Laws of this corporation.
The By-Laws shall govern the operation of this corporation unless any By-Law conflicts with these Articles of Incorporation, in which case the Articles of Incorporation shall be controlling.
general ways of writing articles of incorporation. Due to Internal Revenue Service restrictions of tax-exempt organizations, it is necessary for a tax-exempt organization to include some language provided in IRS Publication These statements are noted below.
Organizations are free to re. Articles of incorporation. You need to draft a complete nonprofit Articles of Incorporation with specific legal languages, that IRS accepts.
This nonprofit articles of incorporation is an exact draft from one of the organizations I. Learn how to write nonprofit Articles of Incorporation. This how-to includes sample articles of incorporation, c.3 filing tips, and downloadable articles of incorporation .Download