Mississippi Nonprofit Articles of Incorporation
Nonprofit articles of incorporation is the document filed to create
a Mississippi 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 Mississippi Facts
As you are preparing to incorporate, keep in mind the following requirements specific
to Mississippi, keep in mind:
- Number: No minimum in most cases. Set by articles or bylaws. If the nonprofit will solicit contributions in the state then at least 3 directors are required.
- Qualifications: Individuals. No residency requirement. No membership requirement.
- Term: default is 1 year, 5 year maximum
- Quorum: majority
- Committee: minimum 2 directors
- Defined in bylaws or board resolution. One officer prepares minutes of the directors' and members' meetings and authenticates records of the corporation.
- Two or more offices may be held by the same individual.
- Members: optional
- Annual meeting: required
- Quorum: 1/10th votes