Montana 501c3 Corporations: Tax Exempt Organizations Non Profit
Montana 501c3 Corporations
Montana acknowledges the important role of charitable organizations like 501c3 Corporations within the state and their immense contributions to communities, health, education and other related human services. As a result, the state has implemented various services and resources to make it easier for these public charities to comply with state regulations as listed under the Montana Non Profit Corporation Act.
Forming a Non Profit Organization in Montana
Forming a non profit organization in Montana is similar to forming a corporation, but will require including specific language in the articles of incorporation when applying for the tax-exempt status. Other procedures include:
- Choosing a name for the corporation which must be unique from any other business name on file and must end with “Corporation”, “Incorporation”, “Limited” or its abbreviated form.
- Preparing, signing and filing articles of incorporation with the Montana Secretary of State and paying an initial filing fee of $100. The articles of information must include the approved name, its purpose, the name, address and signature of the initial incorporator(s), the name address of each director, the name and physical address of the registered agent and the mailing and/or principal address of the corporation.
Benefits of the Tax Exempt Status
Non profit corporations seeking the tax-exempt status within the state of Montana must first apply to the Internal Revenue Services and file under section 501(c) (3) to begin the procedure. Once obtained, the corporation will benefit from the many tax and financial advantages provided by the state including personal asset protection for members of the corporation, exempt from paying federal and state income taxes and perpetual existence of the corporation.