Answers to your questions about nonprofit
organizations and 501(c)(3) corporations.
What is a nonprofit
corporation?
A nonprofit corporation is a corporation formed to carry out a charitable,
educational, religious, literary, or scientific purpose. A nonprofit corporation
doesn’t pay federal or state income taxes on profits it read more…
Archive for December, 2008
Nonprofits FAQ
Wednesday, December 31st, 2008 by Bret WatersAs a director of a nonprofit, can I be held personally liable?
Wednesday, December 31st, 2008 by Bret WatersQUESTION:
I was recently asked to be on the board of directors of a nonprofit
organization. The business is in financial trouble, which appears to be largely
due to mismanagement by the current staff — and the board at present seems to
be around read more…
Protecting Your Nonprofit Corporation’s Tax-Exempt Status
Tuesday, December 30th, 2008 by Bret WatersLearn how to protect your tax-exempt status while
running a nonprofit corporation.
Nonprofit corporations are organized very much like regular corporations;
however, running a nonprofit corporation means complying with a few special
rules. Here’s what you need to know.
The Organizational Structure of Nonprofit read more…
Five Reasons to Incorporate Your Nonprofit Association
Tuesday, December 30th, 2008 by Bret WatersNot sure whether to incorporate your nonprofit? Here’s
some information to help you decide.
If you’re involved in a fledgling nonprofit organization, you and the other
folks active in the group have probably wondered whether or not you should
incorporate. Becoming a nonprofit read more…
Nonprofit Basics
Tuesday, December 30th, 2008 by Bret WatersNonprofit corporations are entitled to grants, tax
exemptions, and limited liability protection.
Nonprofit (or not-for-profit) corporations work well for all sorts of groups,
from artists and musicians to people active in education, health, and community
services. Often the reason for obtaining nonprofit status read more…
