How to start a 501c3 corporation
BY-LAWS
The Corporation shall not be entitled to assume the defense of any action, suit or proceeding brought by or on behalf of the Corporation or as to which the Indemnitee shall have made the conclusion provided for in clause (B) of the preceding sentence of this subpart ii. Anything in this Section 2 to the contrary notwithstanding, the Corporation shall not be liable to indemnify the Indemnitee ...
[DOC File]Law of Non-profit Corporations Outline
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nonprofit corporation – predominately corporate form and benefits (artificial entity that can sue, contract, hold property, limited liability!), but with nondistributional constraint . public benefit corporations – cannot have ownership over membership. Mutual benefit corporations – members have broad rights since an economic interest (though still nondistrubutional) Charter - Articles ...
[DOCX File]National Council of Nonprofits
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The Corporation may not enter into a related party transaction unless, after good faith disclosure of the material facts by the director, officer or key person, the board or a committee authorized by the board determines that the transaction is fair, reasonable and in the Corporation's best interest at the time of such determination. b. If the related party has a substantial financial interest ...
[DOCX File]Starting a Nonprofit Organization
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Even if you are able to attract start-up funding, it will likely be very difficult to replace that funding in the early years of the organization. The basic cost of starting a new organization, if you have a small office and a part-time staff person, is at least $45,000. Conduct interviews. Set up interviews with at least four organizations that have a similar or related purpose. Contact ...
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