The Legal Steps Behind Setting Up a Nonprofit Corporation in Missouri

Congratulations! You have decided to take a big step and start a nonprofit corporation. Nonprofits may be started for a number of reasons, including religious, scientific, educational, or another personal reason.  There are certain legal steps that need to be taken in order to be successful in forming a non profit corporation in Missouri. Phillips, McElyea, Carpenter, and Welch is here to tell you the key steps behind setting up a nonprofit corporation in Missouri.


The Legal Steps Behind Setting Up a Nonprofit Corporation in Missouri


1. Choose who the initial board of directors will be.


 In, Missouri you must have at least 3 directors.

2. Choose a name for the nonprofit organization.

The name you choose for the nonprofit needs to be distinguishable from other businesses on file with the Missouri Secretary of State. 

3. Create and file the nonprofit articles of incorporation.

Contact the Missouri Secretary of State's office and create and file the  nonprofit articles of incorporation. The articles will need to include:

  • the name of the nonprofit
  • indication of the nonprofit either being a public benefit or mutual benefit corporation
  • the physical address of its initial registered office and the name of its initial registered agent at that office
  • a statement regarding the distribution of assets upon dissolution
  • whether the nonprofit will have members
  • the name and address of each incorporator

There are more requirements for nonprofit articles of incorporation listed on the RSMo 355.096. For more IRS requirements, check the IRS website.    


4. Prepare bylaws for the nonprofit organization.

Create bylaws that comply with Missouri law and include rules and procedures the nonprofit will follow. The bylaws are meant to be the internal operating manual.

5. Hold the first board meeting with the directors.

The first meeting is essential. You should take actions such as:

  • appointing officers
  • approving the bylaws
  • approving initial transactions of the corporation, such as the opening of a corporate bank account
  • setting an accounting period and tax year
Keep minutes that accurately record the actions of the board.

6. Establish a corporate record book.


Keep a binder for all of the nonprofit records including documents such as articles of incorporation, bylaws, and minutes of the meetings.

7. Obtain the federal and state tax exemptions for the  nonprofit.


 a. File the form 1023.

 b. Obtain the Missouri state tax exemptions

 c. Determine if there are other state reporting and registration requirements that the particular non profit organization must follow.

PMCW Law is Here to Help You Get Your Nonprofit Corporation Started!


Our experienced attorneys at the Lake of the Ozarks are very knowledgeable when it comes to the legal steps behind setting up a nonprofit corporation in Missouri. We are here for you throughout the entire process. For legal experience you can trust, call us at 573-346-7231 today.


Law Offices of Phillips, McElyea, Carpenter, & Welch, P.C.
The choice of a lawyer is an important decision and should not be based solely on advertising. When you need a knowledgeable attorney, we invite you to contact us to set up a consultation. Evening and weekend appointments are available. We have access to interpreters.

We accept Visa, MasterCard, and Discover.

85 Court Circle N.W., P.O. Box 559
Camdenton, MO 65020   GET A MAP
(573) 346-7231 - Telephone
(888) 236-2485 - Toll Free
(573) 346-4411 - Fax

Like Us on Facebook
Location: Camdenton, MO 65020, USA

Comments

Post a Comment

Popular posts from this blog

5 Reasons To Hire A Criminal Defense Attorney

Image
Criminal charges can turn your life upside down. If you are found guilty, you can suffer numerous consequences, including fines, imprisonment, and effect on your permanent record. If you are facing criminal charges, hiring an experienced criminal defense attorney can make a world of difference. Consider these reason why you should hire a criminal defense lawyer to represent your case. 1. Your Attorney Understands The Law It's no secret that the legal field is complex. Every law has exceptions, and every circumstance has different specific requirements. You need a criminal defense attorney that has experience dealing with these minute details and can help you use them to build a solid case. 2. Your Attorney Knows The Scene The Missouri Courts are like a world of their own. Each court has its own set of rules, social norms, and strict guidelines governing what behavior is and is not acceptable. If this is your first court case, you can not possibly know all of these unspo
Read more

Legal Tips to Be Aware of When Entering Into a Marriage

Image
Congratulations! It is 2019 and this is the year you are getting married. Among all of the wedding planning, you probably haven't had time to think about the legal side of getting married. While it is not the most glamorous side, it is worth taking a look into. For example, has your fiance brought up the notion of signing a prenuptial agreement (prenup)? It is best to know what all comes with a prenuptial agreement and the advantages and disadvantages of choosing to sign one. Our attorneys at the Lake of the Ozarks are here to give you a few legal tips to be aware of when entering into a marriage. If you find yourself need a prenuptial agreement drawn up, call Phillips, McElyea, Carpenter, and Welch   today for your free consultation at 573-346-7231. Legal Tips to Be Aware of When Entering Into a Marriage Do You Plan to Legally Change Your Name After You Get Married? If you plan to change your legal name after marriage, here is what you need to do. According to the Misso
Read more

3 Questions To Ask Your Real Estate Lawyer When Selling Your Home

Image
Have you ever considered how valuable an experienced real estate lawyer in Camden County can be to you? Having a Lake of the Ozarks attorney who can walk you through the ins and outs of real estate law can prevent you from making a huge mistake and could end up saving you a TON of money in certain circumstances. In this week's blog, our real estate attorneys at the Lake of the Ozarks are here to give you 3 questions you should ask your real estate lawyer when selling your home. If you are in need of an experienced real estate lawyer at the Lake of the Ozarks , call Phillips, McElyea, Carpenter, and Welch today at (573) 346-7231 for your free consultation. We are located near the Camden County Courthouse at 109 East Highway 54, Suite 103 in Camdenton, MO. If you are unable to call one day but decide you still need legal help and you are in the neighborhood, stop by. We have an open-door policy and we welcome walk-in clients. 3 Questions To Ask Your Real Estate Lawyer When
Read more