What steps do I need to take in Ohio to establish a non-profit organization?
To establish a non-profit organization in Ohio, you will need to take several steps, including:
- Choose a name for your organization that is not already taken and complies with state regulations. The name should end with “Corporation,” “Company,” “Incorporated,” or “Limited” and not imply a for-profit purpose.
- Draft and file Articles of Incorporation to the Ohio Secretary of State’s Office. The articles include the name of the organization, its purpose, the names and addresses of the initial directors, and any other pertinent provisions.
- Obtain a Federal Tax ID number (EIN). This number will be used to identify your organization for tax purposes and is required to open a bank account, apply for grants, and conduct other financial transactions.
- File for tax-exempt status with the IRS. To receive exemption from federal income tax and other benefits, you must file Form 1023 or 1023-EZ with the IRS.
- Comply with Ohio laws and regulations governing non-profits. Ohio has specific requirements for non-profits, including annual reports, meetings, and audits, which must be followed to maintain legal status.
- Maintain proper governance and record-keeping. Non-profit organizations must comply with state and federal regulations governing the proper management of funds, board governance, and other rules of accountability.
It is important to note that this is a general overview of the steps required to establish a non-profit organization in Ohio. The requirements and timeline may differ depending on the specific circumstances of your organization. You should consult a licensed attorney for specific legal advice tailored to your particular situation.