LegalZoom: Online Legal Document Services: LLC,Wills,Incorporation,Divorce & More. Create a Nonprofit Organization - 501(c)(3) Nonprofit Incorporation Services. Nonprofit Organizations FAQs. The answers to our Frequently Asked Questions are provided for informational purposes and are not intended to provide legal advice or to substitute for the advice of an attorney. If you have specific legal questions, consult your attorney. You may also wish to review our other FAQs for answers to frequently asked questions related to filing issues such as amending or correcting a filing, assumed name and name registration and reservation filings, name changes, and withdrawal and termination. What is a nonprofit corporation? A “nonprofit corporation” is a corporation no part of the income of which is distributable to members, directors, or officers.
A nonprofit corporation is created by filing a certificate of formation with the secretary of state. Nonprofit Organizations FAQs. The answers to our Frequently Asked Questions are provided for informational purposes and are not intended to provide legal advice or to substitute for the advice of an attorney. If you have specific legal questions, consult your attorney. You may also wish to review our other FAQs for answers to frequently asked questions related to filing issues such as amending or correcting a filing, assumed name and name registration and reservation filings, name changes, and withdrawal and termination. What is a nonprofit corporation? A “nonprofit corporation” is a corporation no part of the income of which is distributable to members, directors, or officers. A nonprofit corporation is created by filing a certificate of formation with the secretary of state. See Form 202 (Word 152kb, PDF 142kb).
A nonprofit corporation may be created for any lawful purpose, which purpose must be stated in its certificate of formation. Business Model ToolBox. Nonprofit Organizations. Nonprofit Corporations: Not all non-profit organizations are filed with the Secretary of State. Many, but not all, non-profit organizations choose to incorporate. A nonprofit corporation is created by filing a certificate of formation with the secretary of state in accordance with the Texas Business Organizations Code ("BOC").
"Nonprofit corporation" means a corporation no part of the income of which is distributable to members, directors, or officers [BOC, Section 22.001(5)]. A nonprofit corporation may be created for any lawful purpose, or purposes permitted by the BOC. Not all nonprofit corporations are entitled to exemption from state or federal taxes. Unincorporated Nonprofit Associations: Section 252.001 of the BOC defines an unincorporated nonprofit association as an unincorporated organization consisting of three or more members joined by mutual consent for a common, nonprofit purpose. Tax Issues for Nonprofits Texas Nonprofit Resources.