New Hampshire 501c3 Corporations: Tax Exempt Organizations Non Profit
New Hampshire 501c3 Corporations
Incorporating your non profit 501c3 Corporations in New Hampshire will not only create a professional and stable image for your charitable organization but will also help you obtain the tax-exempt status and other financial benefits.
Forming a Non Profit Organization in New Hampshire
Forming a non profit organization in New Hampshire will require filing articles of incorporation with the NH Secretary of State and paying an initial filing fee of $70. The articles of incorporation must state that the organization is a Type B corporation upon initial filing in order to obtain the tax-exempt status from the IRS. The document must also include the approved name of the corporation, its purpose, the name and address of the initial incorporator(s) and the name and address of the registered agent. Other filing procedures will include:
- Appointing a board of directors (at least 5)
- Draft bylaws
- Apply for Employer ID Number (EIN) from the IRS
- Request tax-exempt recognition letter from the IRS
Non profit Tax Exempt Incorporation
Non profits that obtain tax-exempt recognition from the IRS will not have to worry about having their personal assets (bank account, car and property) subject to potential claims by creditors or other liabilities incurred by the corporation. Tax-exempt corporations are attributed many benefits and privileges such as limited liability protection for volunteer members, possible property tax exemption and permission to solicit tax-exempt grants from government agencies and private organizations. They can also apply for reduced mailing rates from the US Post Office.