Nebraska 501c3 Corporations: Tax Exempt Organizations Non Profit
Form a Non Profit Organization in Nebraska
The first step to forming a non profit organization in Nebraska is choosing a name for your charitable organization. The name you choose must be distinguishable from any other registered Nebraska business name on file and must end with "Corporation", "Incorporation", "Limited" or its abbreviation. The next step is preparing, signing and filing the articles of incorporation with the Secretary of State and paying an initial filing fee of $10, and $5 for every page published. Other procedures include:
- Creating corporation bylaws
- Recruit/appoint a board of initial directors
- Hold first initial board meeting
- Apply for your Federal Tax Identification Number (EIN) which are important for opening a bank account
- Publishing a notice of intent to incorporate in the local newspaper and circulated for weeks (one copy must be sent to the Secretary of State)
Nebraska 501c3 Corporations
Incorporating your 501c3 Corporations or non profit in Nebraska is similar to forming a corporation, but to obtain the full tax advantages available within the state will require a series of filing procedures in compliance with the Nebraska Statues.
Applying for the Non Profit Tax Exempt Status
The first step to qualifying for the tax-exempt status in Nebraska is applying for Recognition of Tax Exemption. Non profits that qualify enjoy many tax and financial advantages including the limited liability protection attributed volunteer members of the corporation and the ability to solicit grants from both public and private entities. This status also exempts the corporation from paying federal and state income taxes.