Nuts-and-bolts guidance on the laws, rules, and regulations governing the nonprofit sector-from leading nonprofit law expert, Bruce R. Hopkins
Nonprofits must comply with stringent federal and state laws 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," Starting and Managing a Nonprofit Organization: A Legal Guide, Sixth Edition, provides essential guidance for those interested in starting nonprofits, as well as valuable advice for leaders of established organizations.
- Revised and expanded to include updated information on changes in laws, rules, and regulations governing the nonprofit sector
- Covers federal tax law, nonprofit, governance, the annual information return (Form 990), charitable giving rules, and current IRS ruling policy
- Presents essential, practical legal information in easy-to-understand English
- Explains the applications and implications of corporate, tax, and fundraising laws for nonprofits
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.
Autorentext
BRUCE R. HOPKINS is the country's leading authority on tax-exempt organizations and a senior partner with the law firm Polsinelli Shughart. He is the author of more than twenty-eight books, all published by Wiley, including The Law of Tax-Exempt Organizations, Tenth Edition, and the newsletter Bruce R. Hopkins' Nonprofit Counsel.
Inhalt
Preface ix
Acknowledgments xiii
PART ONE STARTING A NONPROFIT ORGANIZATION 1
Chapter One: What Is a Nonprofit Organization? 3
Chapter Two: Starting a Nonprofit Organization 13
Chapter Three: Debunking Some Myths and Misperceptions 23
PART TWO BEING NONPROFIT, LEGALLY 31
Chapter Four: Nonprofit Organizations: Much More than Charity 33
Chapter Five: Nonprofits and Private Benefit 49
Chapter Six: From Nonprofit to Tax-Exempt 65
Chapter Seven: Charities: Public or Private? 79
Chapter Eight: Governance: Board Duties and Liabilities 93
Chapter Nine: Braving Annual Reporting 109
Chapter Ten: Tax Exemption: Not a Paperwork Exemption 119
Chapter Eleven: Charitable Giving Rules 129
Chapter Twelve: Government Regulation of Fundraising 147
PART THREE TAX-EXEMPT ORGANIZATIONS CAN BE TAXABLE, AND SO CAN THEIR MANAGERS 167
Chapter Thirteen: Related or Unrelated? 169
Chapter Fourteen: Lobbying Constraints-And Taxes 185
Chapter Fifteen: Political Campaign Activities-And More Taxes 197
Chapter Sixteen: Donor-Advised Funds, Tax Shelters, Insurance Schemes-And Still More Taxes 205
PART FOUR HELPFUL HINTS AND SUCCESSFUL TECHNIQUES 211
Chapter Seventeen: Subsidiaries: For-Profit and Nonprofit 213
Chapter Eighteen: Joint Venturing and Other Partnering 223
Chapter Nineteen: Wonderful World of Planned Giving 233
Chapter Twenty: Putting Ideas into Action 241
PART FIVE SIDESTEPPING TRAPS 251
Chapter Twenty-One: Watchdogs on the Prowl 253
Chapter Twenty-Two: Potpourri of Policies and Procedures 267
Chapter Twenty-Three: Commerciality, Competition, Commensurateness 283
Chapter Twenty-Four: IRS Audits of Nonprofit Organizations 293
Chapter Twenty-Five: Avoiding Personal Liability 313
PART SIX CONSTITUTIONAL LAW PERSPECTIVE 319
Chapter Twenty-Six: Nonprofit Organizations and the Constitution 321
Glossary 341
Index 353