Yesterday, NEO Law Group released a new short video in its series of videos on tips for nonprofits, available on YouTube. This video focuses on the differences between private foundations and public charities. We hope that you enjoy it and please stay tuned for additional videos from NEO Law Group on tips for nonprofits.
STARTING A NONPROFIT
Although the vast majority of individuals who set out to start a nonprofit do so with the best of intentions, starting a nonprofit requires much more than just good intentions.
Founders should invest meaningful time and thought in determining whether they can access the human, financial and other resources necessary to create a sustainable organization that will effectively and efficiently bring value to the public. And they should understand the various considerations and issues involved with starting and operating a nonprofit. For a Step-by-Step Guide for Starting a California Nonprofit, check out our article for CalNonprofits here.
Starting a Related Nonprofit: 7 Initial Considerations
If your for-profit company is interested in starting a related nonprofit, here are 7 initial considerations to take into account before moving forward: 1. Are you properly intentioned? A nonprofit exempt under 501(c)(3) of the Internal Revenue Code must have a charitable, educational, or other 501(c)(3)-consistent purpose and must not...
Best of the Nonprofit Law Blog 2014
Here are some selected highlights from NEO Law Group over the past year that we hope you’ll find helpful. 2014 was also highlighted by an addition to Erin’s family and Michele’s graduation and passage of the bar exam! Amazing year for all of us. Blog Posts Governance What Issues Should a...
NEO Law Group’s Video on Tips for Starting a Nonprofit – Alternatives to Forming a Nonprofit
Today, NEO Law Group released a new 3 minute video in its series of videos on tips for nonprofits, available on YouTube. While incorporating a nonprofit and applying for tax exemption may be the right choice in some instances, there may often be a better way to achieve your charitable goals. This video focuses on some possible alternatives to...
Arts Projects: Charitable or Not?
An organization devoted to the promotion of art may qualify for tax exemption under Section 501(c)(3) of the Internal Revenue Code (the “Code”) by emphasizing its educational exempt purpose and goal of educating the public about the arts. The difficult part of determining whether the organization would be exempt...
Nonprofit Limited Liability Company
A limited liability company (LLC) is a legal form of enterprise, owned by one or more members, that may be organized and operated for a wide variety of purposes, including charitable purposes. One of the major advantages of an LLC is the limited liability protection it offers to its members....
Proposed Form 1023-EZ
The IRS recently proposed Form 1023-EZ, a simplified version of Form 1023 for recognition of federal exemption under 501(c)(3) of the Internal Revenue Code. The new form converts Form 1023’s 25-pages into merely 3, creating a less burdensome exemption process for certain qualifying organizations. The goal of the streamlined...
Can My Business (Social Enterprise) Be a Nonprofit?
Erin Bradrick is presenting a free webinar for GrantSpace (Foundation Center) on Wednesday, February 26, at 11 am – noon PT / 2 – 3 pm ET: Can My Business Be a Nonprofit? As the activities of nonprofit and for-profit organizations continue to blur with the commercialization of charities and...
NEO Law Group’s Video on Tips for Starting a Nonprofit – Initial Bylaws
NEO Law Group recently posted another YouTube video with tips for starting a nonprofit. This video focuses on the process of drafting the initial bylaws of a nonprofit organization. We hope that you enjoy it and please stay tuned for additional videos from NEO Law Group on tips related to nonprofits.
NEO Law Group’s Video on Tips for Starting a Nonprofit – Form 1023
NEO Law group recently posted a new YouTube video on 2 minute tips for starting a nonprofit. This video focuses on the Form 1023, the Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code. We hope that you enjoy it and please stay tuned for additional...