How to Form a Nonprofit Corporation in Virginia
VIRGINIA BUSINESS SERVICES CORPORATION Incorporate in Virginia Virginia Professional Corporation Virginia Nonprofit Corporation VA Corporation Foreign Qualification Virginia Corporation Annual Report Virginia Corporation Dissolution LLC Form a LLC in Virginia VA LLC Foreign Qualification Virginia LLC Annual Report Virginia LLC Dissolution OTHER VIRGINIA BUSINESS SERVICES Virginia Good Standing Certificate Virginia Apostille Virginia DBA Name Virginia Registered Agent VA Corporation Kit and Seal Virginia Certified Copies VA Business Reinstatement VA Company Name Reservation VA Tax Status Compliance Certificate VA Attorney Good Standing Certificate Virginia Property Deed VA Employer Requirements QUICK ENTRY FORMS Virginia Incorporation Virginia LLC VA Professional Corporation VA Nonprofit Corporation VA Foreign Corporation VA Foreign LLC VA LLC Dissolution VA Corporation Dissolution CORPORATE GLOSSARY   Administrative Dissolution Agent for Service of Process Apostille Apportionment Articles of Incorporation Articles of Organization Assumed Name At Will LLC Authorized Shares B Corporation Benefit Corporation Board of Directors Business Dissolution Business Entity Bylaws Certificate of Existence Certificate of Status Certified Copy Close Corporation Common Stock Conversion Corporate Bylaws Corporate Name Reservation Corporate Stock DBA Disregarded Entity Dividends ESOP Excise Tax Federal Tax ID Ficticious Name Foreign Qualification Franchise Tax General Partnership Good Standing Certificate Incorporator Involuntary Dissolution IRS Form 966 ITIN Limited Liability Company Limited Partnership Liquidation LLC LP Majority Shareholder Meetings Merger Nexus Non-Stock Corporation Nonprofit Corporation Obligated Member LLC Organizer Paid-in Capital Paid-in Surplus Par Value Personal Service Corporation Preferred Stock Privilege Tax Professional Corporation Professional Service Proxy Registered Agent Registered Office Reporting Requirements Revocation S Corporation Series LLC Service Mark Shareholder Sole Proprietor Stated Capital Statutory Agent Stock Certificate Term LLC Trade Name Trademark Trust Trustee Winding Up	What is a Virginia Nonprofit Corporation? A Virginia Nonprofit Corporation is sometimes called a Virginia Not-For-Profit Corporation. A Virginia Nonprofit Corporation is an organization that is legally registered with the Virginia State Corporation Commission.  While the federal government must approve the tax-exempt status of a Virginia Nonprofit Corporation, a Virginia Nonprofit Corporation is not initially registered with any US government agency.   more... A Virginia Nonprofit Corporation is sometimes called a Virginia Not-For-Profit Corporation. A Virginia Nonprofit Corporation is an organization that is legally registered with the Virginia State Corporation Commission.  While the federal government must approve the tax-exempt status of a Virginia Nonprofit Corporation, a Virginia Nonprofit Corporation is not initially registered with any US government agency. A Virginia Nonprofit Corporation is an organization that works to serve some kind of public interest rather than to provide financial benefit to any particular individuals or entities. Many Virginia Nonprofit Corporations have much in common with Virginia For-profit Corporations.  This includes the liability protection that comes with a legally registered Virginia Nonprofit Corporation.  A lot of Virginia Nonprofit Corporations hire managers and employees just like a Virginia For-profit Corporation does.  The application process for a Virginia Nonprofit Corporation is very similar to that of a Virginia For-Profit Corporation. Contrary to popular belief, Virginia Nonprofit Corporations can and do make money.  In a Virginia Nonprofit Corporation, any profits must legally go directly back into the Virginia Nonprofit Corporation.   less... Do I need a lawyer to Form a Virginia Nonprofit Corporation? The short answer is no. The state of Virginia does not legally require a lawyer to form a Virginia Nonprofit Corporation.  However, if there is anything about forming a Virginia Nonprofit Corporation that you're not sure about you should seek the advice of a competent Virginia lawyer, a Virginia accountant, or both BEFORE you Incorporate.   more... The short answer is no. The state of Virginia does not legally require a lawyer to form a Virginia Nonprofit Corporation.  However, if there is anything about forming a Virginia Nonprofit Corporation that you're not sure about you should seek the advice of a competent Virginia lawyer, a Virginia accountant, or both BEFORE you Incorporate. Once you have made the decision to Form a Virginia Nonprofit Corporation, a lawyer can file your documents and act as a middle man for a few hundred dollars an hour; or you can use an online service provider like All Business Documents to perform these services and save money that you can use in your new Virginia Nonprofit Corporation.   less... What are the most common types of Virginia Nonprofit Corporations? The most common types of Virginia Nonprofit Corporations are: Virginia Public-benefit Nonprofit Corporations Virginia Religious Corporations Virginia Mutual-benefit Nonprofit Corporations   more... A Virginia Nonprofit Corporation is formed to provide some kind of public or community benefit.  Unlike the other types of Virginia Corporations and LLCs, a Virginia Nonprofit Corporation may be eligible for certain benefits, including tax exemptions on both the state and federal levels.  Depending on the nature of the organization, some Virginia Nonprofit Corporations may not be eligible for tax exempt status.  A Virginia Nonprofit Corporation may also be eligible for public and private grants.  A Virginia Nonprofit Corporation is formed in a similar way as that of forming a Virginia For-profit Corporation.  Virginia Nonprofits must file Articles of Incorporation in the same way that Virginia For-profit Corporations do. A Virginia Nonprofit Corporation comes with the same liability protection as the other types of Virginia Corporations.  The main difference between a Virginia Nonprofit Corporation and a Virginia For-profit Corporation is how the profits of the Virginia Corporation are distributed,  In a Virginia For-profit Corporation profits can be distributed to shareholders.  Virginia Nonprofits are legally required to use the income to further a goal that benefits the community or some part of the public. The most common types of Virginia Nonprofit Corporations are: Virginia Public-benefit Nonprofit Corporations Organized for the general public benefit, rather than for the interest of its members or shareholders Formed primarily for social, educational, recreational or charitable purposes Examples are food banks and youth sports organizations Virginia Religious Corporation Organized to promote religious purposes Subject to less complicated filing and reporting requirements than other types of Corporations May be exempt from regulations governing non-religious groups performing the same services Virginia Mutual-benefit Nonprofit Corporation Serves its members in ways other than just distributing profits to them Cannot obtain IRS tax-exempt status as a charitable organization Pays the same taxes as For-profit Corporations Examples are homeowners associations or a public utility companies While most federal tax exempt organizations are Nonprofit Corporations, registering a Virginia Nonprofit Corporation does not automatically qualify the Virginia Nonprofit for tax exempt status at the federal level.  The IRS recognizes various types of tax exempt Nonprofit Corporations.  To receive federal tax exempt status a Virginia Nonprofit Corporation must file forms with the Internal Revenue Service.  The forms can get very complex depending on the nature of the Nonprofit. Also, a Virginia Nonprofit Corporation cannot legally use its resources for propaganda or to further a political cause or to support a candidate for public office.   less... Who owns a Virginia Nonprofit Corporation? No one person or group of people can own a Virginia Nonprofit Corporation.  Once it is incorporated, the Virginia Nonprofit Corporation is a separate legal entity from its founders, directors, officers, and employees.  The Virginia Nonprofit Corporation itself owns assets of the business and is entitled to receive all revenues from its operation.  Any equity in a Virginia Nonprofit Corporation belongs to the organization itself, not to the founders, board of directors or staff. In addition, a Virginia Nonprofit Corporation cannot be sold to another individual, corporation or organization. Can a Virginia Nonprofit Corporation make money? Contrary to popular belief a Virginia Noprofit Corporation may actually make a profit.  Many Virginia Nonprofit Corporations derive much of their funding from tax-exempt donations.  Sometimes a Virginia Nonprofit Corporation can receive more in donations that the costs to actually run the organization.   more... Contrary to popular belief a Virginia Noprofit Corporation may actually make a profit.  Many Virginia Nonprofit Corporations derive much of their funding from tax-exempt donations.  Sometimes a Virginia Nonprofit Corporation can receive more in donations that the costs to actually run the organization. A Virginia For-Profit Corporation may distribute any excess assets to its owners or shareholders.  There is no distribution of assets in a Virginia Nonprofit Corporation. In a Virginia Nonprofit Corporation all of the money earned by or donated to the Virginia Nonprofit organization is used in pursuing the organization's objectives as stated in its Articles of Incorporation.  Any excess capital after the close of the Virginia Nonprofit Corporation's fiscal year must be kept in the Virginia Nonprofit's accounts.   less... Are all Virginia Nonprofit Corporations Tax Exempt? You do not form a Virginia Tax Exempt Corporation – you form a Virginia Nonprofit Corporation and then apply to the IRS for Tax Exempt status.  The IRS requires that certain language is included in the Articles of Incorporation before it will grant tax exempt status to any Virginia Nonprofit Corporaton.   more... You do not form a Virginia Tax Exempt Corporation – you form a Virginia Nonprofit Corporation and then apply to the IRS for Tax Exempt status.  The IRS requires that certain language is included in the Articles of Incorporation before it will grant tax exempt status to any Virginia Nonprofit Corporaton. After a Virginia Nonprofit Corporation filing has been approved by the Virginia State Corporation Commission the organization must meet certain requirements and submit an application for Tax Exempt status with the IRS. Tax Exempt status means that a Virginia Nonprofit Corporation Does not pay income taxes to the federal government. Does not pay corporate income taxes to the Virginia state government. Donors may be able to take a charitable tax deduction for contributions to the Virginia Nonprofit. Can qualify for lower USPS postage rates. Most organizations filing for Tax Exemption must file Form 1023 with the IRS.  It can take six months or more for the IRS to approve a Form 1023 application for tax exempt status.  Smaller Virginia Nonprofits - those that have yearly gross receipts less than $50,000 and total assets less than $250,000 - may be able to file IRS Form 1023-EZ online.  Form 1023-EZ speeds up the process considerably.  Form 1023-EZ applications are normally processed within 90 days. Once a Virginia Nonprofit Corporation has approval from the IRS for Tax Exemption from US federal income tax that Virginia Nonprofit is automatically exempt from Virginia Corporation income taxes. After a Virginia Non Profit Corporation has been granted Exemption from federal income tax by the IRS, that Nonprofit can apply to the Virginia Department of Taxation for an Exemption from state Sales and Use Tax.   less... What is a 501(c)(3) Nonprofit Corporation? 501(c) refers to a section of IRS code which deals with tax exempt organizations including, but not limited to, Nonprofit Corporations.   more... 501(c) refers to a section of IRS code which deals with tax exempt organizations including, but not limited to, Nonprofit Corporations. The most common type of tax-exempt organization falls under section 501(c)(3) of the IRS code.  This section of the IRS code allows a Virginia Nonprofit organization to be exempt from federal income tax if its activities include any of the following purposes: Charitable Religious Educational Scientific Literary Testing for public safety Fostering amateur sports competition Preventing cruelty to children or animals There are other types of 501(c) tax exempt organizations defined in the IRS code - 29 of them - but 501(c)(3) tax exempt organizations are by far the most common in the state of Virginia and the US. One advantage to qualifying to be a 501(c)(3) tax exempt organization is that most foundations will only make grants to 501(c)(3) Nonprofits.  Tax exemption does not excuse a Virginia Nonprofit organization from maintaining proper records and filing any required annual or special-purpose tax returns if they are required.  Failure to file required returns such as Form 990 (Return of Organization Exempt From Income Tax) may result in fines. One prohibition for 501(c)(3) organizations is that they are prohibited from conducting political campaign activities to intervene in elections to public office.  There are, however, provisions which may allow some 501(c)(3) organizations to legally lobby to influence legislation.   less... What information does a Nonprofit need before it can apply for 501(c)(3) Tax Exempt Status? BEFORE a Nonprofit applies with the IRS for 501(c)(3) Tax Exempt status you need the following information: Articles of Incorporation approved by the Virginia State Corporation Commission Bylaws Federal Employer Identification Number (EIN) Statement of purpose that meets IRS requirements Statement that your Nonprofit Corporation will not engage in prohibited political or legislative activity A Plan of Dissolution describing the distribution of assets upon dissolution   more... BEFORE you apply with the IRS for 501(c)(3) Tax Exempt status it will need the following: Articles of Incorporation approved by the Virginia State Corporation Commission Bylaws Federal Employer Identification Number (EIN) Statement of purpose that meets IRS requirements Statement that your Nonprofit Corporation will not engage in prohibited political or legislative activities A Plan of Dissolution describing the distribution of assets upon dissolution There is also very specific language which needs to be included in your Articles of Incorporation which are filed with the Virginia State Corporation Commission if you want to get 501(c)(3) Tax Exempt Status. When a Nonprofit Corporation dissolves all remaining assets must be distributed to other active Nonprofits.  None of the remaining assets can be distributed to any directors, memebers or staff. If you want to apply for 501(c)(3) Tax Exempt Status we will make sure your Articles of Incorporation include everyting that the IRS needs before we submit them to the state.   less... What happens when a Virginia Nonprofit Corporation wants to shut down? When a Virginia Nonprofit Corporation wants to cease operations, any assets of the Virginia Nonprofit Corporation must be distributed to other Nonprofits which were formed for similar purposes as the Virginia Nonprofit Corporation which is closing. Under no circumstances can a Virginia Nonprofit Corporation distribute any remaining assets to its founders, directors or employees. How can I Form a Virginia Nonprofit Corporation Online? If you are ready to Form a Virginia Nonprofit Corporation simply choose which Virginia Nonprofit options that you want in the upper right corner of this screen then click the Next Step button.  You will be directed to a screen on which you can enter your specific a Virginia Nonprofit information and finalize your order. If you have any questions regarding our Virginia Nonprofit services you can call uis toll free at 855-771-2477.	FORM A NONPROFIT CORPORATION IN VIRGINIA ONLINE NOW VIRGINIA NONPROFIT SERVICES For $125 our Virginia Nopnprofit Corporation services include:  Same day processing   explain We will start processing your application for a new Virginia Nonprofit Corporation on the same day that you submit your order.  We get your VA Nonprofit Corporation filing to the Virginia State Corporation Commission as fast as possible.  Once they get the application, the VA State Corporation Commission usually takes 3-4 business days to process a new Virginia Nonprofit Corporation filing. For an additional fee, the Virginia State Corporation Commission offers expedited processing, explained below, which cuts down the time it takes for the state to process a new Nonprofit Corporation application.  VA Name Check and Reservation  Prepare Articles of Incorporation  File Articles of Incorporation  Certified Copy of Articles of Incorporation  VA Nonprofit Checklist  Priority Mail Delivery  Unlimited Customer Support ADDITIONAL VIRGINIA NONPROFIT CORPORATION SERVICES You may need these additional products and services: check the box next to any option price will be calculated automatically Expedited Service   explain   $100 - Next day   $200 - Same day Normal processing time for a new Virginia Nonprofit Corporation is 3-4 business days. The Virginia State Corporation Commission offers 2 expedited processing options.  This is the time by which the Virginia State Corporation Commission will either approve or deny the Nonprofit Corporation application.  Virginia Nonprofit Corporation applications must be received by the State Corporation Commission before noon Virginia time for the process to start that day. Another way to expedite your order is to choose the Express Mail option.  The Express Mail option can cut the document delivery time in half.  Express Mail $35   explain If you really need your original approved Articles of Incorporation in your hands quickly, the Express Mail option can cut the delivery time in half. The Express Mail option has no effect on the processing times of the Virginia State Corporation Commission's staff. For the quickest turn-around time also choose the Expedited Service option.  VA Registered Agent $135   explain Every Virginia Nonprofit Corporation is required to have an address within the state of Virginia where official and legal correspondence can be delivered.  The individual or company that is registered with the state of Virginia to receive all correspondence on behalf of the Nonprofit Corporation is called a Registered Agent.  You may act as your own Registered Agent, however, many Nonprofit Corporations hire a Registered Agent because they don't have a physical address within Virginia or to provide a distinct level of privacy.  We can act as your Virginia Nonprofit Corporation Registered Agent.  This is an annual service.  We will forward all correspondence to you and will remind you when it is time to renew your VA Registered Agent services.  Customized Bylaws $75   explain Bylaws are the rules by which your Virginia Nonprofit Corporation must operate.  Every new Virginia Nonprofit Corporation requires bylaws.  If you are going to apply for tax exempt status for your Virginia Nonprofit Corporation then your bylaws must be submitted to the IRS along with your tax exemption application. Almost anything may be written into the bylaws, however, the bylaws must not be in violation of any law or your Virginia Nonprofit Corporation's Articles of Incorporation. We can create customized initial bylaws for your Virginia Nonprofit Corporation that are based on your specific business requirements. As your Nonprofit organozation grows over time, you may amend your bylaws as necessary.  VA Good Standing Certificate $34.00   explain A Virginia Good Standing Certficate is proof of the existence of your new Virginia Nomnprofit Corporation. The Certificate is issued by the Virginia State Corporation Commission and is proof that your VA Nonprofit Corporation is not behind on any of its Virginia State Corporation Commission Corporate obligations. A Virginia Good Standing Certificate is often required for loans, to apply for business licenses, or for tax or other business purposes in the state of Virginia or in any other state. We can get your Virginia Good Standing Certificate immediately after the Virginia State Corporation Commission has approved your Articles of Incorporation.  Federal EIN $65   explain An FEIN is like a Social Security Number for your Virginia Nonprofit Corporation.  We can get your FEIN on the same day that your Articles of Incorporation are approved by the Virginia State Corporation Commission. You can get your FEIN before your articles are approved by the Virginia State Corporation Commission but it's a good idea to wait until after approval.  Your filing may be rejected or the Nonprofit Corporation name that you want may not be approved.  Changing information on an FEIN filing is not a trivial exercise with the IRS.  VA Nonprofit Kit and Seal $99   explain While you're not required to have a Nonprofit Corporation Kit and Seal for your new Virginia Nonprofit Corporation they do come in handy.  The VA Nonprofit Corporation Kit consists of a beautiful customized binder, stock certificates, a stock ledger and your custom Nonprofit Corporation Seal.  The Nonprofit Corporation Seal is used to emboss important company documents, such as stock certificates.  The binder also includes dividers so you can use it for all of your Virginia Nonprofit Corporation record keeping.    Processing fees $125.00 Virginia incorporation fees $80.00 (includes Certified Copy of all filings) Optional products and services Total cost OUR ADVANTAGE We start processing your Virginia Nonprofit Corporation order as soon as it arrives. We get your documents to the Virginia State Corporation Commission in the quickest possible way.  If we receive your order before noon Virginia time we will submit your Virginia Nonprofit Corporation application to the State Corporation Commission on the same day we receive it. We guarantee our work.  If you're not satisfied with our Virginia Nonprofit Incorporation services we will refund 100% of your processing fees. We've been helping businesses Incorporate in Virginia for over ten years.  Our A+ BBB rating speaks for itself! 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