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Who Really Owns a Nonprofit?

The concept of who owns a nonprofit organization can be hard for some to grasp, especially given that the answer is, “No one!”  We encounter this confusion with new clients on a fairly regular basis.  And, given people’s understanding of how basic…

What is a Registered Agent?

What Is A Registered Agent?

The position of Registered Agent is an essential part of the corporate landscape.  Both for-profit and nonprofit corporations need one, but their role is often misunderstood.  So, what is a Registered Agent, and why do you need one?

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Should I Incorporate My New Nonprofit?

So, you're planning on starting a new nonprofit sometime soon. Maybe you've heard something about incorporating, but you don't fully understand what that means. Or, someone told you to form an LLC instead. There's a lot of misinformation and misunderstanding…

Recordkeeping Basics for Nonprofits

Recordkeeping Basics for Nonprofits

There's a well-worn cliché that says, "If it's not in writing, it didn't happen".  When it comes to your nonprofit, no truer statement was ever uttered!  But, unless you are the uber-organized type who just instinctively writes everything down, documentation…

How the IRS Defines Charitable Purpose

When you hear the term nonprofit, the first thing that typically comes to mind is a charity, or 501(c)(3) organization.  That’s for good reason, since roughly 78% of all tax-exempt organizations are exempt under IRC Section 501(c)(3).  The remaining 22% consists…

What Is A 501(c)(7)

What Is A 501(c)(7)?

We are continuing our multi-article series on the other nonprofits...and by other I mean those that are not charitable in nature.  So far we've explored social welfare nonprofits and business leagues.  Today's post examines the third most common type of…

What is a 501(c)(6)?

What Is A 501(c)(6)?

Many people are not aware there are nonprofits organized as a 501(c)(6), at least not enough to recognize them for what they are.  The 501(c)(3) charitable nonprofit is so engrained in their consciousness, they don't realize there are other categories. …

Nonprofit Bylaws – The Dos and Don’ts

Nonprofit Bylaws – The Dos and Don’ts

Bring up the subject of a nonprofit’s bylaws and you are sure to get an interesting response.  For many nonprofit’s, their bylaws are just some forgotten document, full of legalese, gathering dust in a file cabinet somewhere.  No one on…

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