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Business Services Division

Business Services Division > Your Business Starts Here! > STARTING A BUSINESS > Chapter 3 - Choosing a Structure - Non-Profit Formal Association Chapter 3 - Choosing a Structure - Non-Profit Formal Association

A non-profit corporation’s purpose is to engage in activities which do not provide financial profit to the benefit of its members. Such corporations must obtain non-profit or tax exempt status from the IRS and Indiana Department of Revenue to be free from certain tax burdens.

Note: Before filing or completing Articles of Incorporation, you should first contact the IRS. The IRS will recognize and provide tax exempt status to a nonprofit corporation only if it meets certain criteria and guidelines. The IRS publishes a booklet which is helpful in this process: "Tax Exempt Status for Your Organization" Publication #557. This publication can be viewed and downloaded here 

If you intend to apply for IRS federal tax exemption as a charitable organization, your articles of incorporation must contain a required purposed clause and a dissolution of assets provision. Valuable information on 501(c)(3) qualification is on the IRS website . It includes sample articles of the incorporation. Click the "Charities and Nonprofits" link and then the Life Cycle topic.

Internal Revenue Service conducts workshops across the nation on basic tax compliance issues for small and mid-sized exempt organizations. The workshop covers the procedures tax-exempt organizations must follow to maintain their tax-exempt status and comply with their tax obligations. The workshop is designed for board members, officers and staff of small and mid-sized tax-exempt organizations and the practitioners who work with them. You may view the schedule by clicking here

 

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