Latest & Greatest – NonProfit Law: A Practical Guide to Legal Issues for Nonprofit Organizations

Edited by Willard L. Boyd III

Published by American Bar Association. Business Law Section. Nonprofit Organizations Committee

KF 1388 .N66 2017

Based on a series of webinars sponsored by the American Bar Association’s Nonprofit Organizations Committee, NonProfit Law: A Practical Guide to Legal Issues for Nonprofit Organizations aims to provide attorneys who may be called upon to advise or to serve on the board of a nonprofit organization with some practical information about legal issues that they may encounter while acting in that capacity. The authors begin with some basic questions that the attorney should consider, such as the form of the nonprofit, the organization’s tax status, any regulatory oversight, and the existence of alternatives to the nonprofit’s organizational scheme. The remaining chapters address the formation of the nonprofit, tax issues relating to nonprofits, governance of the nonprofit, and miscellaneous matters that may arise during the representation of the nonprofit.

The chapter dealing with the formation of the nonprofit discusses the structures that nonprofits may take, the various types of nonprofit corporations, and the organizational documents needed to create the nonprofit. The authors then move onto the issue of taxation. What are the common types and classifications of tax exemptions? How does one apply for tax-exempt status? Are there any annual forms that need to be filed with the IRS? (Hint: yes!) Now, what about governance? The authors provide an overview of the individuals that are involved in governing the organization, the fiduciary duties that are imposed upon directors as well as any liabilities directors may face, and board policies. Lastly, the authors set out some other issues that may arise relating to subsidiaries, mergers and sales of assets, and dissolution.

The appendices also have a lot of useful information, such as guidance for drafting articles of incorporation and bylaws, a tax-exempt organization reference chart, and a list of nonprofit resources.

If you are an attorney faced with providing advice to a nonprofit but have no experience doing so, have a look at NonProfit Law: A Practical Guide to Legal Issues for Nonprofit Organizations.

Remembering 9/11: National Archives 9/11 Commission Records

Today, we remember the tragedy of the terror attacks that fell the World Trade Center Towers in New York City on September 11, 2001. As nearly two decades have passed, the details of the day may have faded from memory even as the pain suffered by those who lost loved ones as the towers fell stings just as sharply. Preservation of the details to remind us of this pivotal event in American history is, therefore, important.

The job of investigating the details was originally assigned by Congress (see Pub. L. 107-306) to the National Commission on Terrorist Attacks Upon the United States, which became known as the 9/11 Commission. The records generated by the investigation are now entrusted to the National Archives, which makes the details of the day forever committed to our nation’s memory.

Find more information about the 9/11 Commission Records at https://www.archives.gov/research/9-11.

Happy Women's Equality Day!

Today, August 26, is Women's Equality Day. The date commemorates the passage of the 19th Amendment to the U.S. Constitution, which guarantees women the right to vote. It states that "the right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of sex."

Women’s Equality Day was established at the behest of Congressional Representative, Bella Abzug (D-NY), to observe women’s suffrage and to recognize the contributions of women throughout history. This day of recognition also celebrates women’s accomplishments in public and private spheres.

For resources on Women's Equality Day, visit the National Women's History Museum online.