Nonprofit Corporations
Question
Do you have to be a US resident in order to form a nonprofit 501 3 corporation in the US?
I am an American citizen but I dont live in America, haven't for almost 5 years. I have an organization here in Europe that I would like to establish in America.
3 months ago - 1 answers
Best Answer
Chosen by Asker
There are neither citizenship nor residency requirements to form or operate a 501(c)3 corporation or any other form of business operation. You have not provided any detail of your operations but I assume you already have an idea that your business purposes satisfies 501(c)3 requirements. Many self help books are available on formation and requirements for 501(c)3 Corporations in larger book venues like Barnes & Noble. Borders and Amazon. I like those published by NOLO PRESS.
Source(s)
501(c) is a provision of the United States Internal Revenue Code (26 U.S.C. ยง 501(c)), listing 26 types of non-profit organizations exempt from some federal income taxes. Sections 503 through 505 list the requirements for attaining such exemptions. Many states reference Section 501(c) for definitions of organizations exempt from state taxation as well. Wikipedia
by BLCOHEN529
3 months ago
Asker's Rating: 