By Bruce R. Hopkins
Nonprofit legislation for non secular enterprises: crucial Questions & solutions is a hands-on advisor to the main pertinent and significant criminal matters dealing with those that lead and deal with non secular tax-exempt corporations with an emphasis on tax, employment, estate and constitutional legislation. This well timed e-book is a reaction to the necessity for information, path, and rationalization of criminal and tax legislation affecting church buildings and different non secular corporations.
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Extra info for Nonprofit Law for Religious Organizations: Essential Questions & Answers
The registered agent functions as the corporation’s point of communication to the outside world. Any formal communication for the corporation as a whole is sent to the registered agent. Thus, if the state’s authorities want to communicate with the corporation, they do so by contacting its registered agent. If someone wants to sue the corporation, the agent is served with the papers. The registered agent as such is not a director or officer of the corporation. Thus, the agent has no exposure to liability for the corporation’s activities.
The trustees are fiduciaries; the law (for now, largely state law) imposes on them standards of conduct and management that together comprise principles of fiduciary responsibility. Most state law, whether statutory or court opinions, imposes the standards of fiduciary responsibility on directors of nonprofit organizations, whether or not the organizations are trusts and whether or not they are charitable. 9 Part I Creation of a Nonprofit Organization similar circumstances, and in a manner the director reasonably believes to be in the best interests of the mission, goals, and purposes of the organization.
Others prefer to let the lawyers working on the case be the incorporators. No particular legal significance is attached to service as an incorporator. Generally, directors and officers of the organization can also be incorporators. However, the law of the appropriate state should be reviewed. 13 Who owns a nonprofit organization? For the most part, a nonprofit organization does not have owners who would be comparable to stockholders of a for-profit corporation or general partners in a partnership.