How to Form a Nonprofit Corporation

by Warda, Mark

• ISBN13: 9781572482319
• ISBN10: 1572482311
• Edition: 2nd
• Copyright: 2002-10-01
• Publisher: SOURCEBOOKS INC

Summary

With over a million active organizations, America has the most advanced system of nonprofits in the world. From social clubs to cancer research laboratories, these groups show the generosity and willingness of Americans to work together for the common good. This new edition addresses recent changes in both federal and state laws regarding tax exemptions.

This book includes all of the forms and instructions needed to form a nonprofit corporation, state-by-state laws, appendices with additional resources, a complete index and a thorough glossary.

Table of Contents

Using Self-Help Law Books	vii
Introduction	xi
What a Nonprofit Organization Is	1	(14)
Advantages of Nonprofit Status
Disadvantages of Nonprofit Status
Laws That Apply to Nonprofit Organizations
Permitted Purposes
Prohibited Practices
Choosing a Type of Nonprofit Organization	15	(8)
Association, Trust, or Corporation
Domestic or Foreign
Membership or Nonmembership
Charitable or Noncharitable
Public Charity or Private Foundation
Start-up Procedures	23	(16)
Send for Forms and Instructions
Define Your Purpose
Choose and Search Your Name
Articles of Incorporation
Bylaws
Taxpayer Identification Number
Corporate Supplies
Organizational Meeting
Minute Book
Bank Account
Licenses
Applying for Tax Exempt Status	39	(8)
Charitable Organizations
Noncharitable Organizations
Submitting Your Application
Response to Your Application
State Tax Exemptions
Protecting Your Nonprofit Status	47	(8)
Private Inurement
Excess Benefits Transctions
Lobbying
Political Campaigning
Conflicts of Interest and Self-Dealing
Sources of Income
Checklist for Avoiding Problems
Raising Money in a Nonprofit Corporation	55	(12)
Applying for Grants
Soliciting Donations
Charitable Solicitation Laws
Unrelated Business Income
Running a Nonprofit Corporation	67	(6)
Day-to-Day Activities
Corporate Records
Meetings
Annual Reports
Tax Returns
Employment Requirements
Training
Glossary	73	(4)
Appendix A: Resources for Nonprofit Organizations	77	(4)
Appendix B: State-by-State Nonprofit Laws and Addresses	81	(52)
Appendix C: Nonprofit Corporation Forms	133	(50)
Index	183