Texas Nonprofit Formation
The formation of your Nonprofit is a filing done with the Secretary of State to formally and legally list your company or organization to do business in Texas.
Benefits of starting a Nonprofit include protection of your personal assets, separation of your finances from the business finances and the business becomes its own legal entity, meaning it can sue and be sued. Nonprofits have the ability to be tax exempt as well, bringing an additional perk to the table.
To form a Nonprofit in Texas you will need a few things:
- A Registered Agent that is located within Texas. A company cannot be its own Registered Agent
- A mailing address, which can be anywhere
- Three or more Directors. A Director must be a natural person
- A business purpose, which can be a generic statement
- Additional provisions, including tax exempt language (if desired)
How does it work?
We’ll remove the headache of forming your business by allowing our experts to take care of it for you. With many years of experience in the business formation field, our filing support team will carefully review the information to make sure all the necessary details are present. Then, our filing software will give a final determination, conduct a preliminary name search to ensure availability and submit your formation to the state.
The state has a turnaround time between two to four business days, at which point we will email your finalized paperwork to you.
Our Nonprofit formation package for $125 includes:
- The state filing fee
- The state online filing processing fees
- The preliminary name availability search
- Follow-up for any discrepancies in the filing before submission
- Email support for any questions or concerns
Typical Next steps:
- Filing your Beneficial Ownership Information Report
- Finalizing tax exemption
- Obtaining an EIN
- Setting up a bank account
- Receiving your Taxpayer information from the Texas Comptroller of Public Accounts