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Formation Process

What is the difference between “incorporation date” and “start of operations”?

Incorporation date is when the state recognizes your corporation. Start of operations is when you begin activities—both can matter for reporting and for explaining your history to funders.

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Do we need to register for state taxes even if we’re tax-exempt federally?What’s the difference between an “incorporator statement” and board minutes?What should we do if we already collected funds personally for the project before formation?Can we form a nonprofit for a single annual event?

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