Ohio 501c3 Corporations: Tax Exempt Organizations Non Profit
Ohio Non Profit Incorporation
Incorporating your non profit corporation in Ohio is the first critical step to obtaining the tax-exempt status. In addition, forming an Ohio non profit corporation can generate many potential financial benefits.
Forming a Non Profit Organization in Ohio
The initial filing requirement for incorporating in Ohio is preparing and submitting articles of incorporation (form #532) to the Ohio Secretary of State and paying an initial filing fee of $125.
The Ohio state law requires that certain information be included in the articles of incorporation such as:
- The approved name of the corporation
- Its purpose
- Stating if the corporation will or will not have directors
- Number of directors
- Name and address of each director and their verified signatures
- Name of the registered office, name and street address of the registered agent
- Number of shares authorized to issue
- Street address of the corporation
Applicants must apply for the Employer ID Number (EIN) and request recognition for 501(c) (3) tax-exempt status from the Internal Revenue Services. Nonprofits that obtain this status enjoy many tax and financial privileges such as the personal liability protection for members and/or directors, eligibility to obtain funding from public and private entities and exemption from paying federal and state income taxes on profits generated from the corporation's activities.