All nonprofit corporations should have bylaws in place. Even non profit organizations that are not corporations should choose to have them for several reasons, but especially because they establish guidance and clarity for the decision-makers. Bylaws contain rules that govern how the board of … [Read more...] about How to Revise Nonprofit Bylaws in Chicago
A tax-exempt number is an important identification number for certain businesses in the state of Illinois or any state for that matter. A tax-exempt number, or sales tax-exempt number, is a number issued by the State that allows approved entities or organizations to forgo the payment of sales … [Read more...] about What is a Chicago Tax Exempt Number?
Aside from the professional and personal satisfactions associated with creating a nonprofit in Illinois, it’s always important to remember that running a nonprofit takes hard work and stringent regulatory compliance. Therefore, if you’re thinking of starting a nonprofit in Illinois, it’s critical to … [Read more...] about Starting a Nonprofit in Illinois – Tips and Warnings