Starting and Managing a Nonprofit Organization: A Legal Guide, Fifth Edition

Nonprofits must comply with stringent federal and state regulations due to their special tax-exempt status; the government's ultimate threat is revocation of a nonprofit's tax-exempt status, which usually means the nonprofit's demise. Written in plain English, not "legalese," this book provides essential guidance for those interested in starting new nonprofits, as well as valuable advice for directors of established organizations. This easy-to-read resource contains essential information on virtually every legal aspect of starting and operating a nonprofit organization from receiving and maintaining tax-exempt status to tips for successful management practices. The Fifth Edition includes updates to areas that have changed dramatically in the wake of new law. These areas include: corporate governance principles, compensation issues, private benefit doctrine, political campaign activity, the new form 990, endowment funds, and IRS audits activity. Content: Chapter 1 What is a Nonprofit Organization? (pages 1–12): Chapter 2 Starting a Nonprofit Organization (pages 13–23): Chapter 3 Debunking Some Myths and Misperceptions (pages 25–32): Chapter 4 Nonprofit Organizations: Much More than Charity (pages 33–49): Chapter 5 Nonprofits and Private Benefit (pages 51–65): Chapter 6 From Nonprofit to Tax?Exempt (pages 67–81): Chapter 7 Charities: Public or Private? (pages 83–96): Chapter 8 Governance: Board Duties and Liabilities (pages 97–113): Chapter 9 Braving Annual Reporting (pages 115–123): Chapter 10 Tax Exemption: Not a Paperwork Exemption (pages 125–134): Chapter 11 Charitable Giving Rules (pages 135–152): Chapter 12 Government Regulation of Fundraising (pages 153–172): Chapter 13 Related or Unrelated? (pages 173–190): Chapter 14 Lobbying Constraints—and Taxes (pages 191–201): Chapter 15 Political Campaign Activities—and More Taxes (pages 203–209): Chapter 16 Donor?Advised Funds, Tax Shelters, Insurance Schemes—and Still More Taxes (pages 211–216): Chapter 17 Subsidiaries: For?Profit and Nonprofit (pages 217–227): Chapter 18 Joint Venturing and Other Partnering (pages 229–236): Chapter 19 Wonderful World of Planned Giving (pages 237–244): Chapter 20 Putting Ideas into Action (pages 245–253): Chapter 21 Watchdogs on the Prowl (pages 255–269): Chapter 22 Potpourri of Policies and Procedures (pages 271–286): Chapter 23 Commerciality, Competition, Commensurateness (pages 287–295): Chapter 24 IRS Audits of Nonprofit Organizations (pages 297–314): Chapter 25 Avoiding Personal Liability (pages 315–320):

the Essential Resource For Nonprofit Success

for Everyone From Nonprofit Novices To Sophisticated Directors Of Established Organizations, This Expert Guide To Nonprofit Law Provides All The Critical Information And Know-how Executives And Other Leaders Need To Succeed, Thrive, And Protect Any Nonprofit’s Tax-exempt Status. Written By Bruce Hopkins, The Country’s Leading Legal Authority In The Field, This Fourth Edition Of Starting And Managing A Nonprofit Organization: A Legal Guide Covers The Breadth Of Legal Aspects Of Starting And Operating A Nonprofit Organization. This Latest Edition’s Revisions Include Updated Material On Changes In Laws, Rules, And Regulations Governing The Nonprofit Sector.

starting And Managing A Nonprofit Organization: A Legal Guide, Fourth Edition Provides:

practical Guidance On The Rules And Regulations Governing Nonprofit Organizations, Including Corporate, Tax, And Fundraising Law Applications And Implications

up-to-date Information On Reporting Revenue, Private Benefit, Intermediate Sanctions, Supporting Organizations, And The Commerciality Doctrine

new Material On Advocacy Communications By Exempt Organizations, The Political Organization’s Notice And Reporting Requirements, And The Use By Exempt Organizations Of Limited Liability Companies

insight Into The Newly Emerging Law Concerning Involvement Of Exempt Organizations In Joint Ventures

checklists, Step-by-step Guidance To Procedures, And A Glossary Of Legal Terms For Fail-safe Compliance

written By A Lawyer For Non-lawyers, This Easy-to-read Book Is An Invaluable Resource For Nonprofit Executives And Managers, Fundraising Professionals, Trustees, Consultants, Committed Volunteers, And Anyone Involved In The Complex, Rewarding World Of Nonprofit Organizations.

booknews

this Guide To Nonprofit Law Covers Most Of The Legal Aspects Of Starting And Operating A Nonprofit Organization. It Provides Guidance On The Rules And Regulations Governing Nonprofit Organizations, Including Tax, Corporate, And Fund-raising Applications And Implications. Information On Reporting Revenue, Private Benefits, Personal Liability, Charitable Giving Rules, Employee Compensation, Lobbying, And For-profit Subsidiaries Is Also Included. Hopkins Is A Lawyer With A Private Firm. Annotation C. Book News, Inc., Portland, Or (booknews.com)

Written in plain English by a leading expert in the field, this practical reference offers information on virtually every legal aspect of starting and operating a nonprofit organization--from receiving and maintaining tax-exempt status to tips for successful management practices.