Top 5 Nonprofit Legal Issues of the Past Year

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The IRS scandal, diverting assets, ethics and more – the annual list of issues that affected associations and nonprofits in the past year.

1. Nonprofit corporation law changes

New York and the District of Columbia both revised the laws governing nonprofit corporations in recent years. As a result, associations incorporated in those states have broader leeway to use electronic communications as part of their governance. The new statutes, however, also bring about new burdens for associations as well, particularly with New York’s new law.

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Topics:  Corporate Governance, Ethics, Incorporation, IRS, Non-Profits

Published In: Business Organization Updates, Nonprofits Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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