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NONPROFIT ORGANIZATIONS

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Nonprofit Formation Documents: Articles of Incorporation, Bylaws, and Organizational Minutes

Getting familiar with the key documents for your nonprofit can be tedious, but it's essential -- these documents contain important rules about how you must operate your nonprofit. And, if you don’t keep proper records, you could lose your corporate or tax-exempt status. Here’s a primer on the most essential nonprofit documents: articles of incorporation, bylaws, and organizational minutes.

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As a director of a nonprofit, can I be held personally liable?

I was recently asked to be on the board of directors of a nonprofit organization. The business is in financial trouble, which appears to be largely due to mismanagement by the current staff -- and the board at present seems to be around solely to rubber-stamp the decisions of the staff. If the board decides to maintain its current complacency and the business continues to fail, may the board be legally responsible for the debt of the nonprofit?

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Form a Nonprofit

  1. Choose a name.
  2. File articles of incorporation.
  3. Apply for your IRS tax exemption.
  4. Apply for a state tax exemption.
  5. Draft bylaws.
  6. Appoint directors.
  7. Hold a meeting of the board.
  8. Obtain licenses and permits.

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Nonprofit Meetings, Minutes & Records
Nonprofit Meetings, Minutes & Records: How to Run Your Nonprofit Corporation So You Don't Run Into Trouble
Book w/ CDROM / $27.99
eBook / $23.99

Effective Fundraising for Nonprofits
Effective Fundraising for Nonprofits: Real-World Strategies That Work
Book / $17.99
eBook / $13.99

Every Nonprofit's Guide to Publishing
Every Nonprofit's Guide to Publishing: Creating Newsletters, Magazines & Websites People Will Read
Book w/ CDROM / $21.99
eBook / $17.99

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