starting a Non behalf 501(c)(3) In Florida
Are you reasoning about beginning a non profit charity, but are not sure where to start or how to go about it? Have you heard of the term "501(c)(3)" but are not exactly sure what that term means or what significance is attached to it? You are probably not alone. This article hopes to shed light on some of the issues complex in creating and setting up a non profit charitable assosication in Florida. The article also attempts to review the basic steps one must take in going about setting up a charity without getting into too much confusing detail. If you are seeing to set up a non profit in Florida, the basic steps to be taken are as follows:
starting a Non behalf 501(c)(3) In Florida
• Once you have your proposed charitable mission in mind, you should incorporate. To concentrate a non profit, you must get ready and file articles of incorporation with the Florida department of Corporations. The articles of incorporation is the document which "creates" your non profit under state law. The articles contains, among other provisions, the name of the legal entity, address of the corporation, and name and address of the registered agent. Additionally, the articles must state the exact purpose for which the corporation is organized. The articles must also consist of unavoidable provisions which are required by the Irs. In order to file the articles of incorporation (and originate your non profit), you must submit the document to the Florida department of Corporations along with the state filing fee of .00. The filing fee must be made payable to the "Florida department of State." You must send the articles to the department of Corporations, whose address is P.O. Box 6327, Tallahassee, Florida 32314.
• After incorporation, you should procure an Employment Identification number ("Ein") for your non profit. To procure an Ein, you can apply for it with the Irs online, via fax, or over the phone. You can reach the Irs by visiting their website at http://www.irs.gov.
• To originate an Irs-recognized charity, the next major step is to apply for 501(c)(3) tax exemption status with the Irs. This step involves filling out a relatively detailed application known as Form 1023, Application for Recognition of Exemption. The purpose of completing this form is so that the Irs will identify your assosication as a tax exempt charity. Moreover, once you have obtained such exemption status, donors who lead to your charity will be able to make donations that are tax deductible, to the extent permitted by law. In order to procure such tax exemption status, you must complete Form 1023 and submit the completed application to the Irs along with the applicable Irs application fee. To procure a copy of the application, you can contact the Irs at 1-800-829-1040.
After the form is submitted to the Irs, within about 3 to 5 months thereafter, the Irs will answer by sending to you a estimation Letter which formally recognizes your entity as a 501(c)(3). If your application is incomplete or a problem arises, the Irs will warn you of this, which may result in delay of the prosperous processing of your application.
• Once you have received the estimation Letter from the Irs, you should warn the Florida department of revenue of your charity's tax exemption status by sending a copy of your Irs estimation Letter to that Department. The Florida department of revenue can be reached at 1-800-352-3671.
• other issue to consider is the solicitation of donations. If you plan to solicit donations from the general social to support your charity's mission, then you must register your charity with the State of Florida. The registration process is administered through the Florida department of Agriculture and buyer Services. In order to register to solicit donations in Florida, you must procure a copy of the registration application from the Florida department of Agriculture and buyer Services, fill it out, and then submit the completed application to that department along with the applicable registration fee. You can procure the registration application by contacting the department of Agriculture and buyer Services at 1-850-488-3022.
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