16 CFR §802.40 — Exempt formation of corporations or unincorporated entities.
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The formation of an entity is exempt from the requirements of the Act if the entity will be not-for-profit within the meaning of sections 501(c)(1)-(4), (6)-(15), (17)-(20) or (d) of the Internal Revenue Code.