How to Form a Nonprofit Corporation in Rhode Island
RHODE ISLAND BUSINESS SERVICES CORPORATION Incorporate in Rhode Island Rhode Island Professional Corporation Rhode Island Nonprofit Corporation RI Corporation Foreign Qualification Rhode Island Corporation Annual Report Rhode Island Corporation Dissolution LLC Form a LLC in Rhode Island RI LLC Foreign Qualification Rhode Island LLC Annual Report Rhode Island LLC Dissolution OTHER RHODE ISLAND BUSINESS SERVICES Rhode Island Good Standing Certificate Rhode Island Apostille Rhode Island DBA Name Rhode Island Registered Agent RI Corporation Kit and Seal Rhode Island Certified Copies RI Business Reinstatement RI Company Name Reservation RI Tax Status Compliance Certificate RI Attorney Good Standing Certificate Rhode Island Property Deed RI Employer Requirements QUICK ENTRY FORMS Rhode Island Incorporation Rhode Island LLC RI Professional Corporation RI Nonprofit Corporation RI Foreign Corporation RI Foreign LLC RI LLC Dissolution RI 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 Rhode-Island Nonprofit Corporation? A Rhode Island Nonprofit Corporation is sometimes called a Rhode Island Not-For-Profit Corporation. A Rhode Island Nonprofit Corporation is an organization that is legally registered with the Rhode Island Secretary of State.  While the federal government must approve the tax-exempt status of a Rhode Island Nonprofit Corporation, a Rhode Island Nonprofit Corporation is not initially registered with any US government agency.   more... A Rhode Island Nonprofit Corporation is sometimes called a Rhode Island Not-For-Profit Corporation. A Rhode Island Nonprofit Corporation is an organization that is legally registered with the Rhode Island Secretary of State.  While the federal government must approve the tax-exempt status of a Rhode Island Nonprofit Corporation, a Rhode Island Nonprofit Corporation is not initially registered with any US government agency. A Rhode Island 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 Rhode Island Nonprofit Corporations have much in common with Rhode Island For-profit Corporations.  This includes the liability protection that comes with a legally registered Rhode Island Nonprofit Corporation.  A lot of Rhode Island Nonprofit Corporations hire managers and employees just like a Rhode Island For-profit Corporation does.  The application process for a Rhode Island Nonprofit Corporation is very similar to that of a Rhode Island For-Profit Corporation. Contrary to popular belief, Rhode Island Nonprofit Corporations can and do make money.  In a Rhode Island Nonprofit Corporation, any profits must legally go directly back into the Rhode Island Nonprofit Corporation.   less... Do I need a lawyer to Form a Rhode Island Nonprofit Corporation? The short answer is no. The state of Rhode Island does not legally require a lawyer to form a Rhode Island Nonprofit Corporation.  However, if there is anything about forming a Rhode Island Nonprofit Corporation that you're not sure about you should seek the advice of a competent Rhode Island lawyer, a Rhode Island accountant, or both BEFORE you Incorporate.   more... The short answer is no. The state of Rhode Island does not legally require a lawyer to form a Rhode Island Nonprofit Corporation.  However, if there is anything about forming a Rhode Island Nonprofit Corporation that you're not sure about you should seek the advice of a competent Rhode Island lawyer, a Rhode Island accountant, or both BEFORE you Incorporate. Once you have made the decision to Form a Rhode Island 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 Rhode Island Nonprofit Corporation.   less... What are the most common types of Rhode Island Nonprofit Corporations? The most common types of Rhode Island Nonprofit Corporations are: Rhode Island Public-benefit Nonprofit Corporations Rhode Island Religious Corporations Rhode Island Mutual-benefit Nonprofit Corporations   more... A Rhode Island Nonprofit Corporation is formed to provide some kind of public or community benefit.  Unlike the other types of Rhode Island Corporations and LLCs, a Rhode Island 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 Rhode Island Nonprofit Corporations may not be eligible for tax exempt status.  A Rhode Island Nonprofit Corporation may also be eligible for public and private grants.  A Rhode Island Nonprofit Corporation is formed in a similar way as that of forming a Rhode Island For-profit Corporation.  Rhode Island Nonprofits must file Articles of Incorporation in the same way that Rhode Island For-profit Corporations do. A Rhode Island Nonprofit Corporation comes with the same liability protection as the other types of Rhode Island Corporations.  The main difference between a Rhode Island Nonprofit Corporation and a Rhode Island For-profit Corporation is how the profits of the Rhode Island Corporation are distributed,  In a Rhode Island For-profit Corporation profits can be distributed to shareholders.  Rhode Island 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 Rhode Island Nonprofit Corporations are: Rhode Island 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 Rhode Island 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 Rhode Island 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 Rhode Island Nonprofit Corporation does not automatically qualify the Rhode Island 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 Rhode Island 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 Rhode Island 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 Rhode Island Nonprofit Corporation? No one person or group of people can own a Rhode Island Nonprofit Corporation.  Once it is incorporated, the Rhode Island Nonprofit Corporation is a separate legal entity from its founders, directors, officers, and employees.  The Rhode Island Nonprofit Corporation itself owns assets of the business and is entitled to receive all revenues from its operation.  Any equity in a Rhode Island Nonprofit Corporation belongs to the organization itself, not to the founders, board of directors or staff. In addition, a Rhode Island Nonprofit Corporation cannot be sold to another individual, corporation or organization. Can a Rhode Island Nonprofit Corporation make money? Contrary to popular belief a Rhode Island Noprofit Corporation may actually make a profit.  Many Rhode Island Nonprofit Corporations derive much of their funding from tax-exempt donations.  Sometimes a Rhode Island Nonprofit Corporation can receive more in donations that the costs to actually run the organization.   more... Contrary to popular belief a Rhode Island Noprofit Corporation may actually make a profit.  Many Rhode Island Nonprofit Corporations derive much of their funding from tax-exempt donations.  Sometimes a Rhode Island Nonprofit Corporation can receive more in donations that the costs to actually run the organization. A Rhode Island For-Profit Corporation may distribute any excess assets to its owners or shareholders.  There is no distribution of assets in a Rhode Island Nonprofit Corporation. In a Rhode Island Nonprofit Corporation all of the money earned by or donated to the Rhode Island 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 Rhode Island Nonprofit Corporation's fiscal year must be kept in the Rhode Island Nonprofit's accounts.   less... Are all Rhode Island Nonprofit Corporations Tax Exempt? You do not form a Rhode Island Tax Exempt Corporation – you form a Rhode Island 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 Rhode Island Nonprofit Corporaton.   more... You do not form a Rhode Island Tax Exempt Corporation – you form a Rhode Island 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 Rhode Island Nonprofit Corporaton. After a Rhode Island Nonprofit Corporation filing has been approved by the Rhode Island Secretary of State the organization must meet certain requirements and submit an application for Tax Exempt status with the IRS. Tax Exempt status means that a Rhode Island Nonprofit Corporation Does not pay income taxes to the federal government. Does not pay corporate income taxes to the Rhode Island state government. Donors may be able to take a charitable tax deduction for contributions to the Rhode Island 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 Rhode Island 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 Rhode Island Nonprofit Corporation has approval from the IRS for Tax Exemption from US federal income tax that Rhode Island Nonprofit is automatically exempt from Rhode Island Corporation income taxes. After a Rhode Island Nonprofit Corporation has been granted an Exemption from federal income tax, that Nonprofit can apply to the RI Department of Revenue 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 Rhode Island 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 Rhode Island 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 Rhode Island 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 Rhode Island Secretary of State 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 Rhode Island Secretary of State 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 Rhode Island Secretary of State 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 Rhode Island Nonprofit Corporation wants to shut down? When a Rhode Island Nonprofit Corporation wants to cease operations, any assets of the Rhode Island Nonprofit Corporation must be distributed to other Nonprofits which were formed for similar purposes as the Rhode Island Nonprofit Corporation which is closing. Under no circumstances can a Rhode Island Nonprofit Corporation distribute any remaining assets to its founders, directors or employees. How can I Form a Rhode Island Nonprofit Corporation Online? If you are ready to Form a Rhode Island Nonprofit Corporation simply choose which Rhode Island 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 Rhode Island Nonprofit information and finalize your order. If you have any questions regarding our Rhode Island Nonprofit services you can call uis toll free at 855-771-2477.	FORM A NONPROFIT CORPORATION IN RHODE ISLAND ONLINE NOW RHODE ISLAND NONPROFIT SERVICES For $125 our Rhode Island Nopnprofit Corporation services include:  Same day processing   explain We will start processing your application for a new Rhode Island Nonprofit Corporation on the same day that you submit your order.  We get your RI Nonprofit Corporation filing to the Rhode Island Secretary of State as fast as possible.  Once they get the application, the RI Secretary of State usually takes 3-5 business days to process a new Rhode Island Nonprofit Corporation filing.  RI Name Check and Reservation  Prepare Articles of Incorporation  File Articles of Incorporation  Certified Copy of Articles of Incorporation  RI Nonprofit Checklist  Priority Mail Delivery  Unlimited Customer Support ADDITIONAL RHODE ISLAND NONPROFIT CORPORATION SERVICES You may need these additional products and services: check the box next to any option price will be calculated automatically  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 Rhode Island Secretary of State's staff.   RI Registered Agent $135   explain Every Rhode Island Nonprofit Corporation is required to have an address within the state of Rhode Island where official and legal correspondence can be delivered.  The individual or company that is registered with the state of Rhode Island 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 Rhode Island or to provide a distinct level of privacy.  We can act as your Rhode Island 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 RI Registered Agent services.  Customized Bylaws $75   explain Bylaws are the rules by which your Rhode Island Nonprofit Corporation must operate.  Every new Rhode Island Nonprofit Corporation requires bylaws.  If you are going to apply for tax exempt status for your Rhode Island 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 Rhode Island Nonprofit Corporation's Articles of Incorporation. We can create customized initial bylaws for your Rhode Island Nonprofit Corporation that are based on your specific business requirements. As your Nonprofit organozation grows over time, you may amend your bylaws as necessary.  RI Good Standing Certificate $72.00   explain A Rhode Island Good Standing Certficate is proof of the existence of your new Rhode Island Nomnprofit Corporation. The Certificate is issued by the Rhode Island Secretary of State and is proof that your RI Nonprofit Corporation is not behind on any of its Rhode Island Secretary of State Corporate obligations. A Rhode Island Good Standing Certificate is often required for loans, to apply for business licenses, or for tax or other business purposes in the state of Rhode Island or in any other state. We can get your Rhode Island Good Standing Certificate immediately after the Rhode Island Secretary of State has approved your Articles of Incorporation.  Federal EIN $65   explain An FEIN is like a Social Security Number for your Rhode Island Nonprofit Corporation.  We can get your FEIN on the same day that your Articles of Incorporation are approved by the Rhode Island Secretary of State. You can get your FEIN before your articles are approved by the Rhode Island Secretary of State 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.  RI Nonprofit Kit and Seal $99   explain While you're not required to have a Nonprofit Corporation Kit and Seal for your new Rhode Island Nonprofit Corporation they do come in handy.  The RI 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 Rhode Island Nonprofit Corporation record keeping.    Processing fees $125.00 Rhode Island incorporation fees $48.50 (includes Certified Copy of all filings) Optional products and services Total cost OUR ADVANTAGE We start processing your Rhode Island Nonprofit Corporation order as soon as it arrives. We get your documents to the Rhode Island Secretary of State in the quickest possible way.  If we receive your order before noon Rhode Island time we will submit your Rhode Island Nonprofit Corporation application to the Secretary of State on the same day we receive it. We guarantee our work.  If you're not satisfied with our Rhode Island Nonprofit Incorporation services we will refund 100% of your processing fees. We've been helping businesses Incorporate in Rhode Island for over ten years.  Our A+ BBB rating speaks for itself! 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