Nonprofit organizations are subject to the same antitrust laws as for-profit businesses. This means that nonprofits need to know their obligations under the U.S. antitrust laws. Antitrust laws prohibit contracts, conspiracies or other activities that restrain trade....
Non-Profit Organizations
What are the advantages of obtaining tax-exempt status?
As a non-profit organization, you need to make your money go as far as possible. Fortunately, the IRS recognizes this, which is why the government allows non-profit organizations to acquire tax-exempt status. The government isn’t going to bestow this status upon your...
What is Underwriters Laboratories?
For generations, Underwriters Laboratories has been an important name in the insurance industry. Now branded as UL Solutions, Underwriters Laboratories, or UL, is a not-for-profit organization with over 100 years of history. In the 1890s, UL’s founder worked with...
Maintaining tax-exempt status for your nonprofit
Owning and operating a business can look vastly different from one business to another. Depending on the type of business, the process of creating and maintaining it can include a wide range of tasks and responsibilities. For those starting or operating a nonprofit,...
Common missteps can jeopardize tax-exempt status for nonprofits
For nonprofit organizations, getting tax-exempt status is a critical part of running a functional and thriving operation. Once it has been granted, it can be easy to forget how challenging it can be to maintain that status. Simple mistakes can place that tax-exempt...
Tips for drafting a nonprofit employee handbook
Many employers have employee handbooks. You might not consider an employee handbook a priority, but a well-written employee handbook is valuable for a nonprofit organization. A good employee handbook contains certain information that protects you and your organization...
Nonprofits need to navigate compliance issues
While not-for-profit organizations do work that benefits society, that alone does not exempt these organizations from following the many federal, state and local laws which cover other businesses. Governments frequently give authority to different regulatory agencies...
A well-written staff handbook sets employee expectations
If your nonprofit organization has employees, a staff handbook can set out your expectations, as well as the organization’s policies and procedures. There are several key sections that should be included. Staff handbook Usually, a staff handbook starts with a welcome...
Do you have a risk management strategy for your non-profit?
Running a non-profit organization can sometimes be unpredictable, which is why you should always have a good risk management strategy in place. This is something that can easily be overlooked, especially when your daily operations are running smoothly. In fact, a 2022...
Considering nonprofit organization bylaws and membership
There are several things to consider when forming a nonprofit organization. One of the most important items to draft is the entity's bylaws, which outline the organization’s purpose, structure, size and membership, among other elements. Bylaws The bylaws should...
