Incorporation terminologies

When Incorporating a nonprofit organization, you may encounter certain terms very frequently. A brief of these is mentioned below – 1. Shareholders – A shareholder is a person owning stocks in a corporation.A share holder may be entitled… Read More

Starting with the incorporartion procedure

Documents required for incorporating a nonprofit (get them handy to start with the formal incorporation procedure) a)Business Address – A complete business address – not just the post box number. b) Mailing address – if different from the… Read More

Essential elements of a by law

The by law is a vital piece of document for managing the functioning of a non profit organization. The following¬† aspects of an organization’s by laws need to be looked into when drafting them at the time of… Read More

Where to Incorporate

Incorporation (both ‘for-profit’ and ‘non-profit’) is a subject of state laws. While the general principles and rules remain same throughout the states, there are some vital differences. For instance,¬† there are differences in the application process , the… Read More

Exceptions to the limited liability clause

One of the most important benefit of Incorporation is that, its protects the individual members from being held personally liable for the the liabilities of the corporation. However in a few situations, Individuals involved with an incorporated nonprofit… Read More