How to Start Nonprofit Ministry
Charities are doing some excellent work all over the world and are making difference in various societies by looking after those who are less fortunate. It is a noble cause and government’s world over recognise this important factor exempt them from taxes.
A nonprofit ministry is a charitable ogranisation with a religious inspiration. Like all other charities, it must be for the purpose of charity and the stakeholders must not be benefiting from the proceeds received. It is a noble cause and one can start a ministry following a certain procedure that has been laid down by the law.
Instructions
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1
Know your Calling
If you are looking to start a nonprofit ministry, you must be totally convinced about it. It’s not just a charity and has a religious aspect of it as well and you must do it with no ill intentions or looking to make a buck for yourself. -
2
Get Incorporated
The next step is to get incorporated in the area in which you wish to operate in. You will need to get the name of the ministry registered as well as completing articles of incorporation and filing the necessary paper work along with the associated fees. The rules will vary in each state and you can get all the details from the local county’s office. Once you have been incorporated, you can move forward to other matters. -
3
Board of Directors
You will need to appoint a board of directors with a minimum of three directors. One of them can be paid and the others will have to be without a pay. Although there is no restriction on who can be a director, it is in the best interest of the ministry that you engage people who are genuinely interested in welfare and have a conviction to do good. -
4
Get Tax Exempt Status
Once everything is in place, you will need to file for tax exempt status with the IRS. Make sure that you fill in the right forms and provide the department with all the supporting documents. Once this has been done, the IRS will do its office work and soon your ministry will receive a tax exempt status.
