The Texas Medical Board must approve and certify a nonprofit health corporation-organization after it meets the required qualifications.
Make a Mission Statement:
Start by stating your organization’s mission or purpose. As a result, this will help you succeed as a non-profit and get tax-exempt status.
Choose a Name:
Choose a unique name for your organization that people will recognize. To ensure that the name is allowed by the Texas Secretary of State and is not already taken, seek help from an attorney.
Find Board Members
Assemble a group of people called the board of directors to help you achieve your mission. However, choose individuals who have the skills and commitment to support your organization.
Create a set of rules and procedures called bylaws for your non-profit. Explain these rules to outline how your organization will operate. Additionally, use them to define how the roles of the board members will be determined and how decisions will be made.
File Certificate of Formation
Prepare and submit a document called the Certificate of Formation to the Texas Secretary of State. This makes your non-profit recognized as a legal entity.
Obtain an Employer Identification Number (EIN)
After forming your organization, you should submit an application to the IRS to obtain an Employer Identification Number. This number is similar to a social security number for your non-profit and is essential for opening bank accounts and conducting financial transactions.
Internal policies and procedures
Although not required, creating internal policies and procedures can help you stay organized in running your non-profit. This includes financial management, record-keeping, and guidelines for your programs.
Remember, it’s essential to seek advice from experienced professionals, like lawyers, to guide you through the process of creating a non-profit organization in Texas. They can help you structure your entity and handle the tax exemption request. At Dike Law Group, we have experience attorney’s that can assist you every step of the way. Schedule a meeting at dorismeet.com