What are the steps to start a non-profit organization in West Virginia?

What are the differences between non-profits and for-profits?

Non-profits are organizations that are formed for a charitable, educational, or scientific purpose, and are exempt from federal income tax. For-profits, on the other hand, are formed to generate profits for their owners or shareholders.

How do I register my non-profit with the West Virginia Secretary of State?

To start a non-profit in West Virginia, you'll need to file articles of incorporation with the West Virginia Secretary of State's office. This document will outline the purpose of your non-profit, its governing structure, and the names and addresses of its initial directors.

What licenses and permits do I need to obtain for my non-profit?

Depending on the type of non-profit you're starting, you may need to obtain specific licenses and permits from the state or local government.

How do I apply for tax-exempt status for my non-profit?

To be exempt from federal income tax, you'll need to apply for tax-exempt status with the IRS. This process typically takes several months.

What is the role of a board of directors in a non-profit organization?

Your non-profit will need a board of directors to oversee its operations and make decisions on its behalf.

How do I develop a budget and financial plan for my non-profit?

You'll need to develop a budget and financial plan to ensure the sustainability of your non-profit.

Do I need to obtain insurance for my non-profit?

Depending on the type of non-profit you're starting, you may need to obtain insurance to protect your organization and its members.

What are the state and federal regulations that my non-profit must comply with?

As a non-profit, you'll need to comply with state and federal regulations, including filing annual reports and tax returns.