The nonprofit formation process is very similar to forming a for-profit enterprise. However, a nonprofit has additional conditions and requirements imposed by state law and the IRS to obtain and maintain nonprofit and tax-exempt status. Our experts provide insider tips and discuss the basics of forming a nonprofit.
Watch so you can:
- Include required clauses when drafting governing documents
- Obtain the appropriate tax-exempt classification
- Find ways to get the entity funded
- Advise on board structure and function