Oklahoma 501c3 Corporations: Tax Exempt Organizations Non Profit
Oklahoma Non Profit Incorporation
Incorporating your Oklahoma non profit organization is the first step to qualifying for tax-exempt status (Publication 556) from the IRS and the other financial incentives available under Oklahoma state law.
Forming a Non Profit Organization in Oklahoma
Forming a non profit organization in Oklahoma will require taking a few extra steps to obtain the non profit tax-exempt status including:
Choosing a Name
The name you choose must be distinguishable from any other Oklahoma registered business name or reserved on file and must end with the term “Corporation”, “Incorporation”, “Limited” or its abbreviation.
Filing Articles of Incorporation
Preparing and filing articles of incorporation with the Secretary of State and paying an initial filing fee of $50. The articles of incorporation must include the specific language of the IRS to receive the tax-exempt recognition or from the IRS. Other required information includes:
- The name of the corporation
- Its purpose
- Name, address and signature of the initial incorporator(s)
- State if the corporation will have directors
- Name and street address of the registered agent
- Mailing and/or principal address of the corporation
Other formation procedures will include applying for Employer ID Number and requesting the 501(c) (3) tax-exempt status from the IRS. Nonprofits that qualify for the tax-exempt status enjoy many tax and financial advantages including exemption from paying federal and state income taxes and the permission to obtain grants from public and private entities.