Idaho Nonprofit Articles of Incorporation
Nonprofit articles of incorporation is the document filed to create
a Idaho nonprofit corporation.
Preparing and filing your articles of incorporation is the first step in starting your
nonprofit corporation. Approval of this document secures your corporate name and
creates the legal entity of the
nonprofit. Only after this approval can you apply for 501c, apply for fundraising licenses,
open a bank account, and otherwise conduct business.
Incorporating provides many important benefits:
- Limits the liability of directors, officers, and shareholders
- Fulfills statutory requirements to register your organization's
- Is a prerequisite for applying for 501(c) tax exemption
- Provides governance and adds credibility to the business or organization
Other Helpful Idaho Facts
As you are preparing to incorporate, keep in mind the following requirements specific
to Idaho, keep in mind:
- Number: minimum 3; minimum 1 for a religious corporation
- Qualifications: An individual. No residency requirement. Must be a member if a cooperative corporation.
- Term: default is 1 year, 5 year maximum
- Quorum: majority
- Committee: minimum 2 directors
- A president, a secretary, a treasurer and such other officers as are appointed by the board.
- Except in the case of religious corporations, any two or more offices may be held by the same person, except the offices of president and secretary. A religious corporation is not required to have officers.
- Members: optional; required for a cooperative corporation.
- Annual meeting: required
- Quorum: 1/10th votes