In a perfect world, social entrepreneurs would be immune from lawsuits and left free to pursue their worthy goals. Unfortunately, this is not the case. Nonprofits are subject to most of the same laws that apply to regular companies. Nonprofits read more…
Legal Topics Category
5 Ways to Protect Yourself and Your Young Nonprofit From Legal Liability
Friday, January 16th, 2009Acknowledging quid-pro-quo contributions
Monday, January 12th, 2009Contributions of more than $75 that give a benefit to the
donor are considered quid-pro-quo contributions. They are deductible only to
the extent the contribution exceeds the value of the benefit, and this must be
spelled out in writing. The benefit can be read more…
Nonprofits FAQ
Wednesday, December 31st, 2008Answers 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…
As a director of a nonprofit, can I be held personally liable?
Wednesday, December 31st, 2008QUESTION:
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, 2008Learn 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…
