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Forming Not-for-Profit Corporations

Gain a better understanding of the process for forming a nonprofit corporation.

What does it mean to be a nonprofit corporation? Does it really mean the corporation cannot have any profits? This presentation will explain what it means and does not mean to be a nonprofit corporation. You will be provided with information regarding how to form a nonprofit corporation.

77 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Where to Incorporate

  • Complexity
  • Regulatory Oversight

Certificate of Incorporation

  • Basic Requirements
  • Optional Provisions
  • Federal Tax-Exempt Requirements
  • Regulatory Approvals

Bylaws

  • Members
  • Board of Directors
    • Qualification
    • Number
    • Terms and Term Limits
    • Quorum and Voting
  • Committees
    • Types
    • Delegation of Authority Limits
    • Required Committess
  • Officers
  • Indemnification

Policies

  • Conflict of Interest
  • Record Retention
  • Whistle-Blower
  • Other

Miscellaneous

  • Initial Board Actions
  • EIN
  • Ongoing Compliance
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Why Lorman?

Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on January 31, 2023.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Anita Pelletier

Anita Pelletier

Nixon Peabody LLP

Anita L. Pelletier

  • Serves as counsel in Nixon Peabody’s nonprofit practice group
  • Advises nonprofit organizations in matters relating to legal requirements and best practices in connection with governance and operational matters
  • Conducts regular seminars and workshops on nonprofit governance, issues relating to tax-exempt status, and charitable solicitations
  • Member of the National Association of College and University Attorneys (NACUA), American, New York, and Monroe County bar associations, and involved with the Greater Rochester Association of Women Attorneys
  • Received numerous awards for her commitment to pro bono service
  • Selected by peers for inclusion in The Best Lawyers in America© in the field of Nonprofit/Charities Law, has been listed since 2017
  • J.D. degree, summa cum laude, Syracuse University College of Law; M.P.A degree, Maxwell School of Public Administration; B.A. in economics, St. John Fisher College
  • Can be contacted at [email protected] or 585-263-1164
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Why Lorman?

Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 410114
Published 2023
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