Wednesday, August 11 12:30pm-3:30pm VIRTUAL
A three to four hour, user-friendly seminar to instruct parties interested in launching nonprofit entities. Cost is $120 for GLA members ($10 for additional member guests up to 3 guests), $150 for non-members.
***Please note that the discounted GLA Member rate only applies to current members. Members must email GLA at firstname.lastname@example.org to ask for the discount code. When requesting a discount code, please let us know how many people intend on coming.
If you would like to become a member, please visit https://glarts.org/for-
Georgia Lawyers for the Arts has been offering this class since 1982 and in recent years for the Foundation Center of Atlanta. Many local attorneys attend these sessions. The primary purpose of the session is to place participants in a knowledgeable posture on the legal, filing, and reporting requirements for nonprofit organizations as well as establishing best nonprofit organizational practices from inception. Since 9-11, the IRS raised the bar substantially in acquiring tax-exempt status. The growth in our knowledge on these issues has been commensurate with IRS regulatory and reporting evolution in the field.
- Mechanics of acquiring nonprofit corporate status
- IRS Limiting Language
- Distinctions in business entities
- Board liability and exposures
- How the corporate shield work
- Indemnity and Insurance
- Nonprofit Governance and Bylaws review
- Nonprofit Board roles, responsibilities, and fiduciary duties
- Running efficient governance meetings
- Conflict of Interests
IRS TAX EXEMPTION
- Mechanics of acquiring 501(c)(3) status
- Distinctions in IRS tax exemptions
- Form 1023 review (line-by-line)
- Assembling the IRS Supplemental Application Package
- Compliance Issues
Attorneys and Members of the Public are welcome! This course has been approved for 3 CLE credits!
This seminar will be held virtually. All registered will receive instructions on how to access the seminar electronically 24 hours before the event.
Wednesday, August 11, 2021
12:30 pm - 3:30 pm