Not-for-Profit Corporations: A Primer on Formation and Governance (2024 Update)

When forming not-for-profit corporations, a charitable intention is necessary, but not enough. Navigating the federal and state landscapes regulating and restricting charitable entities is a complex endeavor.  

This program will focus on federal and state regulations pertaining to not-for-profit corporations and governance issues relating to those entities, with a particular emphasis on avoiding conflicts of interest, compensation of executives, and proper stewardship of assets.  

The course will benefit any attorneys seeking a primer on not-for-profit formation and governance.

Learning Objectives:

1. Identify who regulates non-profits at the federal and state levels

2. Select the right type of charitable organization for your client's objectives

3. Review the steps for creating a not-for-profit entity

4. Achieve and maintain federal tax-exempt status

5. Comply with state registration and reporting requirements

6. Analyze the most common governance issues for non-profits, including related party transactions, use of endowment funds, selection of auditors, investment policies, restrictions on lobbying and political activities, whistleblower provisions, conflict of interest policies, and officer compensation