Overview of Nonprofit Organizations: Tips To Get Tax-Exempt Status

Topics addressed in this legal overview include: 

~ What Is The Legal Formation Of A Nonprofit?

~ What Are Nonprofit Public Benefit Corporations?

~ What Are The Charitable Purposes Of A Nonprofit?

~ Broad Public Interest

~ Educational Purpose

~ Literary Purpose

~ Community Development And Social Welfare

~ Relief Of The Poor, Distressed, Or Underprivileged

~ Lessening The Burdens Of Government

~ What Are Mutual Benefit Corporations And Religious Corporations?

~ What Are Social Welfare Organizations Under Internal Revenue Code Section 501(C)(4)?

~ What Is The Incorporation Process For Public Benefit Corporations?

~ How Does A Nonprofit Obtain Tax Exempt Status?

~ Federal Income Tax Exemption

~ Organizational Test

~ Operational Test

~ Public Charities And Private Foundations

~ Public Charity

~ Private Foundation

~ Presumption Of Private Foundation

~ IRS Form 1023

~ State Income Tax Exemption

~ Property And Sales Tax

~ Local Business License

~ Can A Nonprofit Be Taxed On Unrelated Business Income?

~ Nonprofit Residential Real Estate Activities And Low Income Housing Projects

~ Nonprofit Commercial Real Estate Activities

~ How Does A Nonprofit Maintain Tax Exempt Status?

~ Informational Returns: IRS Form 990 And California FTB Form 199/199N

~ Unrelated Business Income Tax Returns: IRS Form 990T And California FTB Form 109

~ Additional California Requirements

~ What Are Members Of The Nonprofit Public Benefit Corporation?

~ What Are Directors And Officers Of The Nonprofit Public Benefit Corporation?

~ Compensation And Self-dealing

~ Limited Liability

~ How Do Nonprofits Raise Funds?

~ How Does The Attorney General Regulate Nonprofits?

~ Can A Nonprofit Hire Employees?

~ What Are The Alternatives To A Nonprofit Corporation?

~ Fiscal Sponsorship

~ Unincorporated Nonprofit Association

This Legal Overview comes with a video presentation by Justin Sterling and a pdf workbook.

Disclaimer: This information are provided for general informational purposes only, and may not reflect the current law in your jurisdiction. No information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No attendee should act or refrain from acting on the basis of any information discussed in this workshop without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the recipient’s state, country or other appropriate licensing jurisdiction.

If you have questions about this material, please email justin@thesterlingfirm.com.

About Justin Sterling, Esq.

Justin Sterling, Esq. (California State Bar Number 290642) is founder of The Sterling Firm, a full-service civil litigation and transactional law firm devoted to Business Law, Entertainment Law, and Personal Injury cases. The Sterling Firm is dedicated to helping clients obtain maximum compensation, achieve cost-effective legal solutions, and resolve legal conflicts efficiently. You can learn more about Justin at: www.TheSterlingFirm.com

Testimonials

"Justin Sterling simply put is amazing, and I emphasize on that fact." ~ Cody F.

"This man had all the answers to my questions readily available! He demonstrated a very impressive knowledge base in the entertainment industry and its inner workings. I recommend this law firm be the one and only call ANYONE should make for representation and/or counsel. Thank you Justin!" ~ Tom G.

"Justin Sterling was incredible. He took me through all the different avenues I could take on a project and was so clear in helping me understand how to proceed with this situation legally. He was so easy to communicate with and I look forward to working with him for all my legal needs." ~ Olivia S.

"I spoke to Justin when I had some complex legal issues I needed advice on. He was invaluable in helping resolve my situation and handled everything professionally and skillfully." ~ Ryan P.

"In a 20 minute consultation I received life changing information. He’s offer such an amazing service." ~ Shante P.

"I had a call with Justin today. He blew me away with his knowledge and professionalism. He had answers to my problems and concerns." ~ Keller C.

"Justin Sterling is a very fine example of a lawyer willing to share his knowledge & wisdom!" ~ Ronald S.