Forming a Nonprofit Entity in Virginia

★★★★★
★★★★★

(193 Ratings)

Produced on: October 31, 2017

Course Format On Demand

Taught by

Categories:

Course Description

Time 62 minutes
Difficulty Beginner

This course, presented by Pantea Stevenson, a Shareholder at Bean, Kinney & Korman, explores the formation and governing documents of a Virginia Nonprofit. To qualify for tax exempt status, nonprofit entities must contend with both federal and state requirements, and grapple with the default laws under Virginia’s Nonstock Corporation Act. The program, which will focus mainly on 501(c)(3) entities, will explore requirements in the articles of incorporation, bylaws,1023 & 1023EZ applications, and other documentation required for procurement of nonprofit status. It will also cover IRS required restrictions, board of director elections, meeting requirements, fiduciary duties and dissolution, and will provide practical drafting tips.


Learning Objectives:

  1. Discuss governance requirements
  2. Review the default laws for nonprofit entities under Virginia’s Nonstock Corporation Act
  3. Consider typical provisions in bylaws and articles of incorporation and when to apply them
  4. Gain practical guidance for drafting nonprofit bylaws    



Faculty

Pantea Stevenson

Bean Kinney & Korman PC

Pantea Stevenson is a shareholder at Bean, Kinney & Korman. She focuses her practice on corporate transactions, corporate law and intellectual property transactions. Pantea combines the knowledge she developed at large international law firms to help her clients in a responsive and value-added manner. She is passionate about her law practice and has successfully assisted entities from startups and non-profit organizations to mid-market and Fortune 500 companies.

Pantea has extensive experience in mergers and acquisitions, corporate governance, commercial contracts, joint ventures, venture capital financing, executive employment agreements, private equity agreements, risk management and dispute resolution. In addition, she is well versed in intellectual property transactions, internet law and patent, copyright, trademark, software and data licensing. 

Pantea also advises for-profit and non-profit boards of directors, and she serves as legal adviser to non-profit organizations. Pantea currently serves on the board of the Greater Reston Chamber of Commerce.

Pantea is dedicated to giving back to her community and has received several recognitions for her work, including the Human Rights First’s Pro Bono Star Award, and she was a member of Leadership Arlington’s 2015 Signature Class. 

Prior to joining Bean, Kinney & Korman, Pantea managed her own boutique corporate law firm. Prior to that, she was an attorney with the law firms of Jones Day and Morgan Lewis & Bockius.


Reviews

EF
Eric F.

great materials for this course

AM
Antoine M.

Very detailed presentation

JT
James T.

Very well presented

DR
Dena R.

Very thorough!

HB
Heather B.

Thank you to the presenter and staff!

CL
Chase L.

Informative

MH
Mara H.

This was an excellent presentation. I am on the board of a small 501(c)(3) animal rescue and also serve as pro bono legal advisor to another organization. I found the information to be very helpful.

LM
leila m.

This was great thank you!

MS
Mike S.

Some technical difficulties but overall very well executed and presented.

TS
Thomas S.

Great course and good written materials to aid me should I need them in the future.

BM
Bruce M.

good stuff on written decisions outside of meeting

KH
Karen H.

great job

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$59

$ 59 Contract Law, Business, Corporate, & Securities Law, Non-Profit, and Public Interest Law In Stock

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