Nonprofit articles must contain the following information:. Using a corporate suffix is optional. Determine if your corporation will be managed by a board of directors or managed by members.
Unless otherwise stated in the articles of incorporation, by default the nonprofit is considered to have vested its management in a board of directors. A nonprofit may choose whether or not to have members. Members elect the board of directors if applicable and provide a layer of oversight that is important to many nonprofits, especially larger ones. Having members comes with added complexity in management, recordkeeping, and maintenance.
You should indicate whether or not your nonprofit has members. Obviously, if you indicated that the corporation will be managed by members, then you must state in this section that the corporation will have members. Professional corporations must specifically state that the entity is a professional corporation and the type of professional service to be provided.
While the Texas Business Organizations Code allows formation with a general purpose, the Texas Tax Code and the Internal Revenue Code may require that the certificate of formation include a more specific purpose statement as a basis for granting a license or a tax-exempt or tax-deductible status. Nonprofits may choose to apply for federal income tax exemption. The IRS published rev , an informational resource on how to obtain tax exempt status for a nonprofit organization.
Your state may have additional applications or processes for obtaining state tax exemptions for the corporation. Consider applying for exemptions in each state where the nonprofit will conduct activities.
Some aspects of fundraising are regulated by state government. Nonprofits that solicit funds may need to submit registrations with the department of state or revenue in each state where they solicit residents. Be sure to check the procedures for obtaining the authority to solicit, employee solicitors, or otherwise engage in fundraising in each state where you raise funds.
In some states, corporations are required to publish notice of their intention to or their filing of the articles of incorporation.
This is not the case in Texas. Texas has a reputation for its generosity when it comes to personal income taxes there are none and shifting the tax burden onto businesses. All corporations are subject to a state franchise tax. Nonprofits may apply for tax exemptions. Texas nonprofits must file periodic reports every four years. A reminder will be sent to the registered agent. Failure to file can result in involuntary dissolution of the corporation.
Texas nonprofits must have certain records available for public inspection. The public may inspect and copy these documents during business hours. The nonprofit may charge a reasonable fee for copying. Some nonprofits are exempt from this requirement. State tax registration requirements vary, but the most common registrations are for sales tax and employer taxes. You may also need to get local licenses or permits. Once the registration process is complete, you should hold an organizational meeting of the incorporators and take minutes of that meeting.
At that time, you will ratify corporate bylaws, adopt a shareholders agreement, issue stock certificates and complete a stock ledger, elect directors and officers, and anything else you may want to include.
Consider purchasing our corporate kit that stores your documents and contains your corporate seal and stock certificates. Ongoing requirements include annual meetings with minutes, special meetings to make important business decisions, maintaining a registered office, amending your articles of incorporation as needed, and more.
For more information on business compliance action items, please consult your Harbor Compliance representative. Filing fees depend on your individual situation. We do our best to calculate your filing fees upfront and collect those fees today so we can get started.
Your specialist will determine your exact filing fees and invoice additional fees if required. When processing government applications or disbursing filing fees, we may add an order processing fee to cover our administrative expenses. This website uses cookies. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. You consent to our cookies if you continue to use our website. Harbor Compliance. Software Compliance Software Oversee licenses, track renewals, access documents, and more from a single interface.
Software Overview. Software Features. Entity Manager License Manager. Records Manager Tax Manager. Compliance Services Full service compliance solutions for organizations throughout their entire lifecycles. Services Overview. Industry Services Specialized licensing services for organizations in highly regulated industries. General Business. Architecture Construction Engineering. Law Firms Nonprofit. Talk with a Real Specialist. Incorporate Now Overview Preparing and filing your articles of incorporation is the first step in starting your business or nonprofit corporation.
Quick Facts Who should incorporate in Texas? No, using an attorney is not required. You can file yourself or we can help. What does it cost to incorporate? How long does the process take? Texas state processing times are typically business days. Revised June 14, Complete data last reviewed June 13, Stay Informed.
Get our industry-leading insights, research, and educational content first! Solutions Software Services Industries. If the business is physically located in Delaware, then the business may act as its own registered agent. If the registered agent is other than the entity itself, please contact the selected Registered Agent used in your entity formation and inform them of your intentions.
This is not a requirement in order to form your entity but will guarantee that your name is held for you for a period of days. You can reserve your entity name online.
Please print your confirmation page if you reserve your name online. Please Note: All transactions submitted on this site are non-refundable. You may also submit your reservation application in writing. You may upload, fax or mail in your request to our office. If you choose to mail, a cover sheet with your name or entity name, return address and phone number is required.
You may download a PDF fillable cover sheet. You may also contact our office at with any questions or help needed in order to complete your forms. The mailing address is Division of Corporations -John G. All filing fees must be paid upon submission of your request. Please check with your Financial Institution to determine whether additional information is required to establish a business account with them. You may order a Certificate of Status or Certificate of Good Standing at the time of filing your new entity by indicating this request in the comment section of the Document Filing Sheet.
If you are requesting Expedited Services for your new entity filing then there will be an additional Expedited Fee for your Status requests. Exempt domestic corporations do not pay a tax but must file an Annual Report.
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