Nonprofit Law Essentials

This program provides transactional practitioners with an in-depth overview of establishing and effectively managing a nonprofit organization. Participants will gain a thorough understanding of the entire process, including the crucial steps involved in filing Form 1023 or Form 1023EZ with the IRS to secure tax-exempt status. The course also covers the annual filing requirements necessary to maintain compliance, such as submitting Form 990 and adhering to state-specific reporting obligations.

In addition to procedural aspects, the program delves into crucial policies and governance structures essential for a well-functioning nonprofit. This includes developing and implementing bylaws, managing conflicts of interest, instituting robust financial controls, and creating comprehensive gift policies. Participants will also learn about best practices for overall governance to ensure organizational integrity and transparency.

Moreover, the course addresses the procedures for reinstating nonprofit status if revoked, providing practical guidance on navigating this complex process.

Designed specifically for nonprofit attorneys, this program offers a deep understanding of the diverse legal issues that nonprofit organizations may encounter.

Learning Objectives:

• Identify the steps to forming a Nonprofit Entity
• Explore how to apply for Nonprofit Status via Paper or Pay.gov
• Review how to maintain Nonprofit Status
• Examine policies and procedures
• Investigate reinstating Nonprofit Status if it is lost
• Evaluate the sale of all or substantially all of the assets of a Nonprofit Entity

Production Date: 11/9/2024 | Closed captioning (CC) available