One of the reasons I have formed over 2,600 Arizona companies since 2001 is my information “how to” articles on my website. I am happy to announce that I just revised my popular article called “How to Form an Arizona Nonprofit Corporation.” I updated the article to include the current fees to [...]
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May 17, 2010, is the deadline for nonprofit corporations that are tax exempt organizations (other than churches) with less than $25,000 in income to file IRS form 990-N. A change in the law three years ago become effective on May 17th. See “Thousands of nonprofits may lose tax-exempt status” and “Thousands of non-profits could [...] I form a lot of Arizona nonprofit corporations. Some are tax exempt charities and some are not. A nonprofit corporation formed under Arizona law does not automatically qualify as a charity that is exempt from federal income tax. Nonprofit corporations that want to be tax exempt organizations must file an IRS form [...] The Foundation Center has a great library of information about forming and operating nonprofit corporations, including tax exempt charitable organizations. Here are some of the topics relating to establishing a nonprofit corporation: How do I start a nonprofit organization? ¿Cómo creo una organización sin fines de lucro en los Estados Unidos? What [...] Nonprofit Law Blog: “All too often, the issue of legal compliance receives attention from a nonprofit corporation only after a conflict arises. Instead, a nonprofit corporation can better prevent conflicts and protect itself through regular legal audits. Financial audits alone, while important, will not sufficiently account for the bigger issue of overall [...] Nonprofit Law Blog: 10 New Year’s Resolutions for Your Board The Nonprofit Law Blog has semi-famous quotes from the Jerry Sienfeld show and ties them into important nonprofit organization governance issues. The article covers a lot of important nonprofit governance ground. CharityLawyer: “In the last decade or so, directors and officers have faced an increased exposure to personal liability. While the bulk of legal actions have been against directors and officers of for profit corporations, judgments against and settlements by directors and officers of nonprofit corporations are increasing. I am often [...] CharityLawyer: “We love getting calls from potential clients with exciting ideas. However, surprisingly often, we are in a position which we do not enjoy of letting the caller know that as exciting as their idea is, it does not qualify for tax-exemption. Some common examples of ideas that will not qualify include [...] Executive MBA Programs: “Charities and scholarships are usually created solely on one’s passion to help others or a life experience that has inspired them to provide aid to others in the same situation. With an outpouring of individuals wanting to start charitable organizations that can make the world a better place, it [...] CharityLawyer: “I recently contacted Gene Takagi, a noted California nonprofit lawyer, to confirm or deny an assertion regarding California nonprofit law that was made to one of our clients. He was kind enough to clarify the matter. We discussed that there are many such ‘nonprofit law urban legends’ and he suggested that [...] A nonprofit organization that is exempt from federal income tax under Internal Revenue Code Section 501(c)(3) must follow IRS rules or the IRS can revoke its tax exempt status. If you are involved with operating or managing a nonprofit corporation, you should read ” Nonprofits: Are You at Risk of Losing Your [...] Because I form Arizona nonprofit corporations, people frequently ask me if I will charge less to form their new nonprofit corporation if they give me a the Bylaws. I always answer no because one thing I have learned from practicing law and forming entities since 1980 is that it always takes me more time (translation more expensive) to review and revise a document given to me than it does for me to prepare the document. Continue reading Checklist for Nonprofit Corporation Bylaws |
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