How Do I Apply for a 501c3 in Colorado?

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Setting Up a 501c3 in Colorado

To create a 501(c)(3) tax-exempt organization in Colorado:

  1. Initial Steps

    • Choose directors for your nonprofit.
    • Name your nonprofit corporation.
    • Appoint a registered agent to receive official correspondence.
    • File Colorado nonprofit Articles of Incorporation for $50.
    • Prepare nonprofit bylaws to govern your organization.
    • Hold a meeting of your board of directors.

  2. Applying for Tax-Exempt Status

    • Apply for federal tax-exempt status with the IRS by filing Form 1023 for $600 or Form 1023-EZ for $250.
    • Apply for state tax exemption in Colorado once your federal status is approved.

Cost and Legal Requirements

For starting a 501(c)(3) in Colorado:

  • Filing for tax exemption can cost up to $15,000 if you hire a professional.
  • An individual can start a nonprofit organization but must follow the proper legal steps.

Qualifying for Tax Exemption

Organizations must:

  • Qualify under Section 501(c)(3) for religious, charitable, scientific, literary, or educational purposes.
  • Comply with IRS and state requirements.

Forming a 501(c)(3) in Colorado requires attention to both state and IRS rules. Following the step-by-step process ensures a strong foundation for your nonprofit.

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