Arizona 501c3 Corporations: Tax Exempt Organizations Non Profit
Form a non profit Organization in Arizona
To form a non profit organization in Arizona, you will need to undertake several procedures including:
- Choosing a name: the name you choose must be unique to any other Arizona registered name on file and must end with the term "Corporation" or "Incorporated" or its abbreviation
- Prepare and file articles of incorporation with the Arizona Corporation Commission and pay an initial filing fee of $50
- Appoint a Board of Directors
- Draft corporation bylaws and policies
- Hold first organizational meeting
- Apply for your Employer ID Number (EIN)
- Apply for 501(c) (3) tax-exempt status from the IRS
Arizona Non Profit Incorporation
The primary benefit to incorporating your non profit organization in the state of Arizona is to obtain the special personal liability protection for members and/or directors of the corporation. This will require obtaining the "public charity" or "mutual benefit" status from the IRS to obtain the full tax incentives available within the state.
Non Profit Tax Exempt 501c3 Corporations
Non profit corporations organized as charitable organizations and qualify for 501(c) (3) or tax-exempt status obtains many benefits and privileges including:
- Limited liability protection for members and/or directors of the corporation
- Tax advantages such as exemption from paying federal and state income taxes
- The ability to issue tax-exempt certificates to contributors
- Possible property tax exemption
- Can apply for reduced nonprofit mailing rates
