PMCW Law

Non-profit organizations can serve such noble purposes, between helping mistreated children to providing shelter to the homeless. The people behind the non-profits in this area really make a difference in our community and it makes us proud to be part of the non-profit organizations we are in. Our attorneys at the Lake of the Ozarks have put together some guidelines to help those who are thinking of setting up a non-profit organization. If you are interested in starting a non-profit organization and want to know how to protect it legally, give Phillips, McElyea, Carpenter and Welch a call at 573-346-7231. The Legal Guidelines for Starting a Non-Profit Organization Guideline #1 Make sure to file your application for tax exempt status with the IRS. In order to be federally tax-exempt, you must file an application for exempt status with the IRS and your application must be approved.  This application tends to be long and tedious.  It is beneficial to have a tax expe...

The steps required to form a non-profit organization and obtain tax exempt status can be time consuming, cumbersome and confusing.  We hope to provide you with a basic understanding of these steps in this blog.   Key steps to creating your non-profit organization You have decided to form a non-profit organization for a specific purpose.   The next   key steps you will need to address include: Naming your non-profit o The name cannot be the same as the name of any other corporation on file with the state's corporations division. o About half of all states require the name to end with a corporate designator, such as Corporation (Corp.), Incorporated (Inc.) or Limited (Ltd.). o Your name cannot contain certain designations reserved for the state, such as United States, Reserve, Federal, National, Cooperative or Bank Filing the Necessary documents   o Articles of Incorporation o Apply for a federal employer identification number Organizing ...