Hawaii 501c3 Corporations: Tax Exempt Organizations Non Profit

Hawaii Tax Exempt Organizations Non Profit

To get tax-exempt status in Hawaii, you must incorporate your charitable organization as an "Association", "Corporation" or "Trust" in addition to organizing and operating your non profit organization in accordance with the IRC requirements and other Hawaii Statutes.

Form a Non Profit Organization in Hawaii

Forming a non profit organization in Hawaii will require several simple procedures such as choosing a name and checking for its availability with the state's name database. The next step will include writing articles of incorporation that must include the approved name of the corporation, state if the corporation will have directors, number of directors, name, address and verified signatures of each director, name and street address of the registered agent and the number of shares the corporation is authorized to issue. Other formation procedures include:

• Submitting articles of incorporation to the Department of Commerce and Consumer Affairs and paying an initial filing fee of $25
• Recruit and/or appoint directors
• Draft bylaws
• Apply for Federal Tax ID Number (EIN)
• File for Federal Tax Exemption
• Publish a notice of intent to incorporate in the local newspaper

Advantages of Qualifying for the Tax-Exempt Status for corporations like 501c3

Non profits recognized as tax-exempt organizations under IRC in Hawaii [e.g. 501c3] and comply with the additional requirements of the IRC, enjoy many potential tax and financial advantages including:

• Tax advantages
• Limited liability protection
• Possible tax exemptions for donors of the corporation
• Continued existence
• Possibility of special nonprofit mailing rates

For more information

• Non profit overview
• Is a 501c3 right for you?