Connecticut 501c3 Corporations: Tax Exempt Organizations Non Profit

Connecticut Tax Exempt Organizations Non Profit

The primary benefit to incorporating your non profit organizations in compliance with Connecticut Statues and other regulations is to obtain the IRS tax-exempt status. Having this status will exempt the corporation from paying Connecticut Sales and Use Tax among other privileges.

Form 501c3 Corporations or similar Non Profit Organizations Connecticut

The first step to forming a non profit organization like 501c3 Corporations in Connecticut is choosing a name for the organization. The desired name must be distinguishable to any other registered Connecticut business name or reserved on file with the secretary of state.

Filing Articles of Incorporation

When preparing articles of incorporation, it must specify the stated purpose of the organization in compliance with section 501(c) (3) of the Internal Revenue Code to obtain recognition of exemption from the IRS. This state-specific document must also contain the approved name of the organization, the name and address of each incorporator, the name and street address of the registered agent and Registered Office and the mailing and/or principal address of the corporation. Applicants must submit completed articles of incorporation with the Secretary of State and pay an initial filing fee of $50.

Filing for IRS Non Profit Tax Exempt Status

Within 30 days of filing articles of incorporation with the Secretary of State, applicants must file section 501(c) (3) with the Internal Revenue Code to receive Recognition of Exemption. They must also apply for an Employer ID Number and register with the Connecticut Department of Revenue Services to submit a copy of the IRS letter of determination to obtain the Connecticut Tax Exemption.

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