Nonprofit organization: Definition & meaning

The term ‘non-profit organization’ refers to an organization that: Operates for the common good and not for generating individual wealth. Does not distribute its profits to individuals who control the organization such as its members, officers, directors, or trustees. While a non-profit organization can make a profit, the profit it earns must be used toward […]

State laws related to forming NPO

Laws related to FORMING ASSOCIATIONS An unincorporated association is formed and regulated by the state’s Unincorporated Nonprofit Association Act (UNAA) in these 11 states: Alabama Arkansas Colorado Delaware District of Columbia Hawaii Idaho Texas West Virginia Wisconsin Wyoming Other 39 states have not yet adopted the UNAA.  A nonprofit association in the remaining  states is […]

Overall legal framework for non-profits

The legal frame for non-profit organization comprises of : State Laws: related to formation, fund raising, employment & volunteering, state-taxation Federal laws: related to employment & volunteering IRS Laws: related to taxation, tax exemption, governance and accountability Local/ County laws : related to leasing of office space and day to day operations. Click on the […]

Trademark registration for NPOs

Introduction A nonprofit organization (or any individual) becomes the owner of the intellectual property simply by using it in the course of its activities. Registration is not mandatory to claim protection under the intellectual property laws. An organization that has registered its trademark can use the ® symbol. An organization that does not register a […]