How to Start a Nonprofit in Oregon: A Step-by-Step Guide?
Starting a nonprofit organization in Oregon can be a daunting task, but with the right guidance, it can be a rewarding and fulfilling experience. In this article, we will provide a step-by-step guide on how to start a nonprofit in Oregon.
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What is a Nonprofit Organization?
A nonprofit organization is a type of organization that is formed to serve a specific purpose or mission, and it is not intended to generate profits for its owners or shareholders. Instead, nonprofits are designed to benefit the public or a specific community.
How to Start a Nonprofit in Oregon?
Starting a nonprofit organization in Oregon can be a daunting task, but with the right guidance, it can be a rewarding and fulfilling experience. In this article, we will provide a step-by-step guide on how to start a nonprofit in Oregon.
Step 1: Choose a Name for Your Organization
You will need to choose a name that is unique and not already in use by another organization. You can search for available names on the Oregon Secretary of State's website.
Step 2: File Articles of Incorporation
You will need to file articles of incorporation with the Oregon Secretary of State's office. This is a formal document that outlines the purpose and structure of your organization. You will also need to appoint initial directors and officers for your organization.
Step 3: Obtain a Federal Tax ID Number
You will need to obtain a federal tax ID number from the Internal Revenue Service (IRS). This is a nine-digit number that is used to identify your organization for tax purposes.
Step 4: Obtain a State Tax ID Number
You will need to obtain a state tax ID number from the Oregon Department of Revenue.
Step 5: File for Exemption from Federal Income Tax
You will need to file for exemption from federal income tax by filing Form 1023 or Form 1024 with the IRS.
Step 6: File for Exemption from State Income Tax
You will need to file for exemption from state income tax by filing Form OR-20 with the Oregon Department of Revenue.
Step 7: Obtain a Business License
You will need to obtain a business license from the city or county where your organization is located. This is usually done by filing a business license application with the local government.
Develop a Business Plan and Budget
You will also need to develop a business plan and budget for your organization. This will help you to plan for the future and make informed decisions about how to allocate your resources.
