Step-by-Step Guide to Starting a Louisiana 501(c)(3) Nonprofit Organization
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Selecting a Name and Establishing Purpose
Select a name for your organization. Your name for your nonprofit should include the words “corporation” or “incorporated”. Stating a purpose is the first step in establishing a nonprofit organization. -
Legal and Financial Requirements
The legal requirements for forming a nonprofit in Louisiana include filing Articles of Incorporation with the Louisiana Secretary of State, obtaining a Federal Employer Identification Number (FEIN) from the IRS, writing a business plan, obtaining tax-exempt status, and applying for any necessary licenses and permits. -
Costs and Taxes
How much does it cost to start a nonprofit organization in Louisiana? In Louisiana, it costs $60 as a fee for filing Articles of Incorporation. Unless your revenues are less than $10,000 annually, the filing fee for Form 1023 with the IRS is usually $850. Your nonprofit organization might also need other licenses and permits at federal and state levels based on the activities it engages in.
Additional Guidance and Information
- When deciding on a nonprofit name in Louisiana, there are specific naming guidelines to follow.
- A fiscal sponsorship is a method of establishing a nonprofit organization without the need for financial resources.
- How long does it take to incorporate a Louisiana nonprofit? Louisiana typically processes filings within 2 business days.
Starting a Nonprofit in Louisiana Checklist
- Name your organization.
- Recruit incorporators and initial directors.
- Appoint a registered agent.