The Complete Guide to
Nonprofit Corporations
Author: Lawrence G. Newman
This book is designed and written to present in one volume all the basic federal and state law on nonprofit corporations. It also contains the tools necessary for the formation, operation, and termination of a nonprofit corporation.
First, the book reviews the various factors in choosing to set up a nonprofit corporation. Next is a step-by-step description of the incorporation process. The federal tax exemptions for nonprofit corporations, especially 501(c)(3) entities, are reviewed. The duties, functions, and liabilities of officers, directors, and members are discussed. The book also describes the law relating to board of directors’ and members’ meetings and voting, amendment of articles and bylaws, and dissolution. It contains a review of the law regarding mergers and conversions of nonprofit corporations. This book attempts to describe the law which applies to a nonprofit corporation during its entire life, from incorporation to dissolution.
This book was also designed for practical use by attorneys and their staff. Where the law is covered by statute, a description of the general law is presented. Likewise, where the statutes have been interpreted by case law or where the law has been developed through the common law, a description or reference to the case law is included. Thus, either for the general practitioner or the attorney specializing in nonprofit law, this book is intended to be a useful reference work.
In addition, this book contains many examples of documents that are often needed for nonprofit corporations.
