Starting and Managing a Nonprofit Organization A Legal Guide

The classic legal guide to nonprofit management, substantially revised and updated

Starting and Managing a Nonprofit Organization: A Legal Guide provides invaluable insight for non-lawyers who lead tax-exempt organizations. Written by the nation's foremost authority in the field, this book untangles the complexities surrounding nonprofit law to help you successfully navigate the road to compliance. From governance, compensation, and unrelated business, through IRS policy, constitutional law, Form 990 and beyond, this book is packed with critical information nonprofit leaders need to avoid the many legal traps and keep their tax-exempt status intact.

Updated to reflect the latest changes to an ever-evolving field, this new Seventh Edition features the most up-to-date laws and rulings alongside practical operational guidance to help you:

• Navigate the complexities of nonprofit tax law with plain-English explanations
• Understand the stringent rules surrounding reporting, charitable giving, governance, and more
• Discover the many recent changes in and additions to nonprofit law, and what they mean for everyday operations
• Demystify procedures, terms, and compliance issues that are essential for maintaining a tax-exempt status

Step-by-step instructions, checklists, a glossary, and a detailed index make it easy to find the answers you need, and straightforward discussion clarifies even the most impenetrable legalese. Starting and Managing a Nonprofit Organization is essential reading for anyone involved in nonprofit leadership and compliance.

Starting and Managing a Nonprofit Organization is written to help anyone who's just getting their toes wet in the sector get up to speed on the critical information needed to protect their nonprofit's tax-exempt status—and avoid the many legal traps out there that you probably didn't know exist. Packed with checklists and step-by-step guidance, Starting and Managing a Nonprofit Organization demystifies intricate legal issues with plain-English language explanations for non-legal professionals of the statutes, regulations, court opinions, and other rules comprising nonprofit law.

Nonprofits must comply with stringent federal and state laws due to their special 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 all-important guide provides essential guidance for those interested in starting nonprofits, as well as valuable advice for leaders of established organizations.

• Covers all aspects of federal and state nonprofit law
• Discusses significant contemporary issues, including commerciality, private benefit, governance, and unrelated business
• Provides summaries of current IRS ruling policies
• Includes procedures and a glossary of legal terms for fail-safe compliance

Written by the country's legal leading authority on tax-exempt organizations, Starting and Managing a Nonprofit Organization is the reference you'll want to keep close by as you navigate your way through the world of nonprofit and the law.