Starting a Nonprofit in Maryland: A Step-by-Step Guide
Starting a nonprofit organization in Maryland can be a daunting task, but with the right guidance, it can be a rewarding experience. In this article, we will provide a step-by-step guide on how to start a nonprofit in Maryland.
Save 90% on your legal bills
Starting a nonprofit organization in Maryland can be a daunting task, but with the right guidance, it can be a rewarding experience. In this article, we will provide a step-by-step guide on how to start a nonprofit in Maryland.
Before we dive into the process, it's essential to understand what a nonprofit organization is and what its purpose is. A nonprofit organization is a type of organization that is formed for a specific purpose, such as education, research, or community development. The primary purpose of a nonprofit organization is to benefit the public, rather than to generate profits for its members.
In Maryland, there are several steps that you need to follow to start a nonprofit organization. The first step is to choose a name for your organization. You can do this by searching the Maryland Secretary of State's website to see if the name is available. If the name is available, you can reserve it by filing a name reservation application with the Maryland Secretary of State's office.
The next step is to obtain a federal tax ID number, also known as an Employer Identification Number (EIN). You can apply for an EIN online through the Internal Revenue Service (IRS) website. Once you have obtained an EIN, you can open a bank account in the name of your nonprofit organization.
Next, you need to file articles of incorporation with the Maryland Secretary of State's office. This is a legal document that outlines the purpose of your organization, its governing structure, and its bylaws. You can file articles of incorporation online or by mail.
After you have filed articles of incorporation, you need to obtain a business license from the Maryland Department of Assessments and Taxation. You can apply for a business license online or by mail.
The final step is to obtain 501(c)(3) status from the IRS. This is a tax-exempt status that allows your nonprofit organization to receive tax-deductible donations. You can apply for 501(c)(3) status online through the IRS website.
Starting a nonprofit organization in Maryland can be a complex and time-consuming process, but with the right guidance and support, it can be a rewarding experience. By following these steps, you can ensure that your nonprofit organization is properly formed and compliant with Maryland law.