The steps for forming an Oklahoma not for profit company (tax exempt)

The term “not for profit” is used so loosely that sometimes the lines between a company that has no profit motive and a company that the IRS has determine is tax exempt, gets blurred. Anyone can start a company that is not for profit. But there is substantially more work and focus required to start a company that is not for profit and actually get the IRS to recognize it (meaning, for one thing, that donations are tax deductible.

In helping people put together companies like this, I have created a list that broadly outlines the steps to consider when creating an Oklahoma not for profit company.  If you would like a copy of the list, please let me know by email at sjr@shawnjroberts.com and I will email it to you.

 


Posted by Shawn Roberts

On this blog, I write about and try to answer practical Oklahoma legal questions. My focus and most experience is in estate planning and business issues including Oklahoma non-compete law. I make a living as an attorney in the law firm I founded, Cazes Roberts, PLLC in Oklahoma City. I live in Edmond with wife Amy and my two children, Sam (17) and David (9). We live precisely in the path of where the "wind comes sweeping down the plains."

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[…] forming an Oklahoma not-for-profit corporation A few months ago I wrote about forming an Oklahoma not-for-profit corporation, starting with Oklahoma and then securing recognition from the IRS that the corporation is tax […]