How to Start a Non-Profit in Massachusetts?
A comprehensive guide on how to start a non-profit in Massachusetts, including choosing a name, filing articles of incorporation, obtaining tax-exempt status, and more.
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What is the purpose of my non-profit?
In Massachusetts, starting a non-profit organization requires careful planning and attention to detail. This comprehensive guide will walk you through the process of incorporating a non-profit in Massachusetts, from choosing a name to obtaining tax-exempt status.
How do I choose a name for my non-profit?
Choose a unique and memorable name for your non-profit. Make sure the name is not already in use by searching the Massachusetts Secretary of State's database. You can also check the availability of your chosen name by searching the United States Patent and Trademark Office's database.
How do I file Articles of Incorporation?
File Articles of Incorporation with the Massachusetts Secretary of State's office. This document will outline the purpose, structure, and governance of your non-profit. You can file online or by mail.
How do I obtain tax-exempt status?
To obtain tax-exempt status, you'll need to file Form 1023 or Form 1024 with the Internal Revenue Service (IRS). This form will provide the IRS with information about your non-profit's purpose, structure, and governance.
How do I obtain state tax exemption?
Once you've obtained tax-exempt status from the IRS, you'll need to obtain state tax exemption from the Massachusetts Department of Revenue. This can be done by filing Form ST-4.
How do I obtain a Federal Employer Identification Number (EIN)?
Obtain an EIN from the IRS. This number will be used to identify your non-profit for tax purposes.
How do I create bylaws?
Create bylaws that outline the governance and operations of your non-profit. These bylaws will be used to guide the decision-making process and ensure that your non-profit is run in a fair and transparent manner.
How do I hold an organizational meeting?
Hold an organizational meeting to elect officers, adopt bylaws, and establish a board of directors. This meeting will also provide an opportunity for your non-profit's founders to discuss the organization's goals and objectives.
How do I obtain insurance?
Obtain insurance to protect your non-profit and its officers from liability. This can include liability insurance, directors and officers (D&O) insurance, and other types of insurance.
How do I create a budget?
Create a budget that outlines your non-profit's income and expenses. This budget will be used to guide financial decisions and ensure that your non-profit is financially sustainable.
How do I file annual reports?
File annual reports with the Massachusetts Secretary of State's office and the IRS. These reports will provide information about your non-profit's activities and financial performance.
What are the steps to start a non-profit in Massachusetts?
By following these steps, you can successfully start a non-profit in Massachusetts. Remember to stay organized, plan carefully, and seek professional advice when needed.