Jan and Dean decided to form a charitable organization. I Love Rock N Rollers, t

Question

Jan and Dean decided to form a charitable organization. I Love Rock N Rollers, to provide funding to assist former rock and roll group members who have become homeless. They are planning to hold a "mini-Woodstock" event to raise money, with music by groups from the '60s and '70s. The event will offer food and beverages, and the sale of memorabilia related to the event. Before they go any further, Jan and Dean need to: Prepare articles of incorporation and bylaws, obtain an EIN from the IRS if the organization will have employees, apply for permission to solicit charitable contributions and apply for 501(c)(3) status from the IRS. Prepare articles of incorporation and bylaws and file them with the state, obtain an EIN from the IRS if the organization will have employees, apply for permission to solicit charitable contributions and apply for 501(a) status from the IRS. Prepare articles of incorporation and bylaws and file them with the state, obtain an EIN from the IRS, apply for permission to solicit charitable contributions and apply for 501(c)(3) status from the IRS. Prepare articles of incorporation and bylaws, obtain an EIN from the IRS, apply for permission to solicit charitable contributions and apply for 501(a) status from the IRS.

Explanation / Answer

Jan and Dean need to

Prepare articles of incorporation and bylaws and file them with the state , obtain an EIN from the IRS , apply forpermission to solicit charitable contributions and apply for 501(c)(3) status from the IRS

Before they go any further

Hence 3rd option iscorrect

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