TELESEMINAR: Forming a New Nonprofit Organization – A National Perspective
March 22, 2012
12:00 – 1:00 p.m.
1.00 MCLE hours
Telephone
Forming a new nonprofit organization is every bit as challenging, if not more so, than forming a for-profit entity. Choosing the right entity given your client’s mission is only the first step toward the more complicated process of applying for and obtaining tax exempt status from the IRS. That is a complex and costly process in which mistakes are often made. Also, new nonprofit organizations need essential operating and governance documents, which have only become more importance with recent enforcement activity by the IRS and state attorneys general, turmoil in the nonprofit community because of changes in mission and losses in endowment funds, and increased public scrutiny. This program will provide you with an essential guide to the three step process of forming an entity, obtaining tax exempt status, and putting in place the organization’s essential governing documents.
Highlights:
- Major decision points in forming a new nonprofit/exempt organization
- Choice of entity for nonprofits – what’s the right entity given its mission and funding?
- Obtaining tax exempt status from the IRS – what are the common and costly mistakes?
- Essential governing documents and practices for new exempt organizations
- Timeline of forming a new entity – essential steps and deadlines
For more information about ISBA's Teleseminar programs, please visit: http://www.isba.org/cle/teleseminar
Program Speaker:
Michael Lehmann, Manatt, Phelps & Phillips, LLP, New York