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Looking for Inc. info for OSJ

PostPosted: Sat Sep 22, 2007 10:18 pm
by RIJeeps
I am looking for the information needed to get Ocean State Jeepster its tax free status & to become incorperated.
I think we want 501(c)7 but im not sure.
& i have no clue as what to look for to be come incorperated.
Any Help will be apreciated.

PostPosted: Sun Sep 23, 2007 1:53 pm
by tammylynn
Jeff, I am not in Rhode Island but I think as far as becoming incorporated you would want to start with the following link and I would assume you need to start with the Articles of Incorporation. That should list all of the requirements and the process you need to follow. Usually you have to have a Board of Directors and a set of By-laws. But each state is different.

Most of the clubs are 501c7-at least my club in NH is. I know in NH we also had to call the IRS and get an Employee Identification Number. Something I didn't know was that EIN expires every five years unless you renew it, although when/if the new laws take effect where non-profits have to file annually with the IRS-the expiration probably won't be an issue. Previously we only had to file with the state of NH and never had to do anything with the IRS so I didn't even know our # had expired until I called a few months ago to ask a few questions.

http://www.sec.state.ri.us/corps/corpforms1205/domesticnonprofit.html

PostPosted: Mon Sep 24, 2007 7:56 am
by Scott Hatch
You'll also need that Tax ID number to open up a bank account for the club

PostPosted: Wed Sep 26, 2007 12:24 am
by Treasurer
Hit the IRS first for the Tax ID number then the State for incorpioration as a Non-profit. Then open a bank account in the name of your non-porfit. Citizens bank has a checking account for non-porfits with no fee. They seem to work out for the NEA4WDC.

PostPosted: Wed Sep 26, 2007 5:11 pm
by RIJeeps
Thank you every one for the info thus far, any & all is appreciated