Why does the form require two signatures for non-profit status?

Answer by  Liz59 (10966)

The requirement of two signatures for non profit status is based the premise that the status needs to be legitimate and credible. Usually, there have been many cases of fraud and therefore, as a result two legit witnesses are needed to support the status of the organization in order to prevent fraud.

Answer by  kennethjgoodson (4903)

So they have double confirmation that it is a non profit status. If you lie about it it is easy for them to go to court and say that you knew because you signed twice.

Answer by  Gabriel (2146)

It is intended to decrease the likelihood of people forming sham non-profits for tax evasion purposes. If two people sign it for illegal gain, it becomes conspiracy and the law is harsher with them. This way I can't just set-up a front company to run a scam.

Answer by  Liz59 (10966)

Two signatures are required because you need to have a witness for non profit status. Two signatures ensure that the form that is signed is legitimate and credible. Thus two signatures are needed.

Answer by  mlucas (515)

Because an individual cannot start a non-profit. This is partly because they want to make sure that the one individual is not trying to enrich themselves as part of the non-profit. It has to be a partnership, LLC or corporation.

Answer by  KR (38)

There is a state requirements for the directors board number of people, Non profit corporation most of the time need two or more partners.

Answer by  LeheckaG (1826)

(irs.Gov) Form 1023 Application for Recognition of Exemption a.k.a. 501(c)(c) "non-profit status" requires (1) signature (page 12) by an Officer, Director, or other-authorized-official. Some other forms often require (2) signatures to lessen fraud by individuals. Fraud by (2 or more) people is a conspiracy, and then government has more legal tools at their disposal to investigate and prosecute such conspiracies.

Answer by  rnovikoffgmailcom (1722)

Forms like that are often interpreted if there are events which would question the legitimacy of the signature that was listed. they compare them