For many nonprofits, the idea of asking directors to sign contracts that set out the terms of their directorship may seem like an excessive formality. But quite often a contract can serve useful [...]
Because nonprofits cannot be operated to the private benefit of an individual or organization, they can’t simply distribute their assets to just anyone when it’s time to wind up their operations. [...]
The right to vote is central to a thriving democracy. In recent years there have been a number of cases where voting rights have been perceived as under attack or underused by the public. In [...]
Task Four: Election of Officers There is one more task that can be accomplished by the Incorporator—the appointment of officers. However, it is possible that this task is going to be on the [...]
Successfully running a nonprofit takes skill and creativity. It also takes discipline. Too often a nonprofit’s board of directors grows lax in its adherence to governing rules and procedures, [...]
The world of trusts is quite confusing, with elaborate tax rules and a complicated mix of specialized terminology. Despite their relative complexity when compared to other forms available to [...]
Have you ever wondered about the legal implications of prayer cards that churches use in their weekly services? Many churches offer these cards as a means for members to let the church know their [...]
As defined under section 501(c)(4) of the Internal Revenue Code (IRC), a social welfare organization is an entity operated without profit and exclusively for the promotion of public welfare. [...]
A common question for people who are new to the nonprofit world is who “owns” the nonprofit organization. Is it the people who initially organize it? Major donors? Its directors or managers? For [...]
The need for unanimity is one of the features that distinguishes nonprofit governance from for-profit boards. In a for-profit setting, directors of companies sometimes take contrary positions [...]