Cross-posted from RevGalBlogPals blog:
This afternoon's mail brought the certificate of filing from the Texas Secretary of State's office showing that RevGalBlogPals Inc. was officially incorporated as a non-profit corporation under the laws of the state of Texas effective July 17, 2006.
WOO-HOO and YEE-HAW!!
Here's what happens next:
1. Filing with the Texas Comptroller of Public Accounts for state franchise tax exemption
2. Obtaining a federal tax ID number
3. Preparing and filing our application to the IRS for 501-c-3- status
The organizing directors are Songbird, Mary Beth and myself. The three of us will serve until the first group of 7 directors is installed. We will be in touch with each other to adopt the by-laws (which are drafted and have been approved by The Matriarchs), approve the above filings and open a bank account. Then we will be ready to post information about how to join RGBP Inc. and we will schedule a meeting to elect the first group of directors. For your information, you must be a member of the RGBP webring in order to join RGBP Inc.
We can begin operating as a non-profit corporation, but will not be qualified as a 501-c-3 until the IRS approves our application. I'm not sure how long that will take, but hope it won't be more than a couple of months from the time we file our application.
The next 5 weeks will be really hectic for me as my oldest daughter's wedding is September 2. I hope to finish all the paperwork and get it in the mail before then, but can't promise! So I beg your patience in advance.
This afternoon's mail brought the certificate of filing from the Texas Secretary of State's office showing that RevGalBlogPals Inc. was officially incorporated as a non-profit corporation under the laws of the state of Texas effective July 17, 2006.
WOO-HOO and YEE-HAW!!
Here's what happens next:
1. Filing with the Texas Comptroller of Public Accounts for state franchise tax exemption
2. Obtaining a federal tax ID number
3. Preparing and filing our application to the IRS for 501-c-3- status
The organizing directors are Songbird, Mary Beth and myself. The three of us will serve until the first group of 7 directors is installed. We will be in touch with each other to adopt the by-laws (which are drafted and have been approved by The Matriarchs), approve the above filings and open a bank account. Then we will be ready to post information about how to join RGBP Inc. and we will schedule a meeting to elect the first group of directors. For your information, you must be a member of the RGBP webring in order to join RGBP Inc.
We can begin operating as a non-profit corporation, but will not be qualified as a 501-c-3 until the IRS approves our application. I'm not sure how long that will take, but hope it won't be more than a couple of months from the time we file our application.
The next 5 weeks will be really hectic for me as my oldest daughter's wedding is September 2. I hope to finish all the paperwork and get it in the mail before then, but can't promise! So I beg your patience in advance.
Meanwhile, let us all rejoice and be exceeding glad as RGBP Inc. has been created!
I wonder if we are the first webring to become a non-profit corporation?
3 comments:
~applaudes~ You rock!
That sounds like such cool news!!
It's so nice to have a lawyer in the house. Thanks for this legwork and for dreaming the next steps. Very cool.
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