Oregon 501c3 Corporations: Tax Exempt Organizations Non Profit

Oregon 501c3 Corporations

Forming a non profit corporation in the state of Oregon does not automatically guarantee tax-exempt status. To qualify for 501(c) (3) tax-exempt status non profit organizations must be organized as a public benefit corporation by statue and request tax-exempt status from the IRS when filing articles of incorporation. Tax-exempt corporations enjoy many benefits and privileges ranging from limited liability protection for its members to obtaining nonprofit mailing rates

Forming a Non Profit Organization in Oregon

There are several procedures for forming a non profit organization in Oregon, including:

Choosing a Name - The name you choose must be distinguishable from any other registered Oregon business name and must contain the term “Corporation”, “Incorporation”, “Limited” or its abbreviation.

Writing Articles of Incorporation - The articles of incorporation must state that the organization is a Type B corporation. This is critical to starting the tax-exempt procedure with the Internal Revenue Service (IRS). The document must also include the approved name, its purpose, the name and address of the initial incorporator(s) and the name address of the registered agent. The next step is submitting articles of incorporation with the Secretary of State and paying an initial filing fee of $100.

Other formation requirements will include:

• Recruit and/or appoint a Board of Directors
• Draft corporation bylaws
• Hold first annual board meeting
• Apply for Federal Tax ID Number (EIN)
• Publish a notice of intent to incorporate in the local newspaper

For more information

• Non profit overview
• Is a 501c3 right for you?