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Nonprofit public benefit corporations face a number of ongoing legal responsibilities. It is very important that these legal requirements be satisfied to maintain the corporation's tax-exempt status and to protect the directors and officers from legal liability. This brochure provides guidelines for carrying out these responsibilities.
This brochure answers the questions:
- How do we maintain our nonprofit’s corporate identity?
- What reports must management provide to the board of directors, to our members, make available to the public, and file with government agencies?
- What employee-related laws must we comply with?
- What licenses must we obtain?
- How do we maintain our nonprofit’s tax-exempt status?
Download Legal Responsibilities of Your Nonprofit Corporation
Please note:
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