One of the first responsibilities of newly appointed directors is to create and document bylaws for the organization. Typically, this is completed at the first official meeting of the board. Bylaws are needed early on since they provide the structure for the nonprofit organization’s general … [Read more...]
Want To Change Your Business Structure? Know These Things First
Starting a nonprofit isn’t something you just do one day—it’s a complex administrative process that allows you to begin operating and fulfilling your mission. Every nonprofit is different, and any changes will have to be made carefully and with counsel to make sure the organization is compliant with … [Read more...]
Why Hire A Glenview Nonprofit Lawyer?
Is one of your New Year’s Resolutions is to start a nonprofit organization? Maybe you have an idea, or see a need that isn’t being fulfilled in your community. The US has the most advanced system in the world for starting a nonprofit. You may be familiar with the well-known “tax-free status,” … [Read more...]
What are Some Examples of Unrelated Business Income?
Many people assume that all non-profit organizations operate in a federal tax-free environment. After all, that is the entire point of section 501(c)(3) of the Internal Revenue Code. But, it isn’t always the case that all money made by non-profits is tax-free; so that they can raise additional … [Read more...]
The Five Best Practices for Illinois Non-Profits
Creating and building a non-profit organization is not a simple exercise. There are more than 54,000 non-profit organizations in Illinois, and they come in all shapes and sizes. As one of Illinois top non-profit law firms, John C. Provenza & Associates, P.C. knows what successful non-profit … [Read more...]