Wisconsin 501c3 Corporations: Tax Exempt Organizations Non Profit
Wisconsin Non Profit 501c3 Corporations
Wisconsin has installed various resources and services on the Secretary of State's website to make it easy for individuals to incorporate their 501c3 Corporations or non profit organization within the state. In addition, the state reiterates the importance of seeking legal assistance when preparing the state-specific application forms to safeguard your personal protection and tax obligations.
Form a Non Profit Organization in Wisconsin
Forming a non profit organization in Wisconsin will require a few simple procedures
including:
Naming the Organization - The name you
choose must be unique from any other registered Wisconsin business name or registered
on file. The desired name must also end with the term “Corporation”,
“Incorporation”, “Limited” or its abbreviation.
Filing Articles of Incorporation - This
involves filing the state-specific forms and including certain information such
as the approved name of the corporation, its purpose, name, address and verified
signature of the incorporator(s), state if the corporation will have directors,
name and street address of the registered agent and the mailing and/or principal
address of the corporation.
Other formation procedures will include:
- Appointing a Board of Directors
- Drafting corporation bylaws
- Register with the State Board
- Apply for Employer ID Number (EIN)
- Apply for 501(c) (3) tax-exempt status from the IRS
Benefits of the Tax Exempt Status
Nonprofits that qualify for tax-exempt status enjoy many benefits and privileges including limited liability protection for members, possible property tax exemption and eligibility to obtain grants from government agencies and private organizations.