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Why You Shouldn’t Have Multiple Nonprofits Within an Umbrella Nonprofit
Why You Shouldn’t Have Multiple Nonprofits Within an Umbrella Nonprofit Having multiple nonprofits under an umbrella nonprofit may seem like a good idea. This is because the parent organization, or the umbrella, may provide resources to the smaller organizations. Many people ask if they could have multiple nonprofits under an umbrella nonprofit. Let me answer…
Read MoreIs Someone Else Using Your Nonprofit’s Name?
Is Someone Else Using Your Nonprofit’s Name? If you discover that someone else is using your nonprofit’s name without your consent, you have several choices. If you have registered your name as a federal trademark, then you have full legal rights to it. You will more easily be able to prove that you are the owner of…
Read More2 Ways to Avoid IRS Trouble with Your Nonprofit
2 Ways to Avoid IRS Trouble with Your Nonprofit Like most regulatory agencies, the IRS has priorities when it comes to evaluating your nonprofit’s Application for Tax-Exempt Status. There are two main concerns of the IRS when it comes to evaluating Tax-Exempt Status. These involve avoiding conflicts of interest and avoiding nonprofits that only benefit the directors…
Read MoreHow to Avoid Paying Personal Taxes on Your Nonprofit’s Donations
How to Avoid Paying Personal Taxes on Your Nonprofit’s Donations An important benefit of having a properly structured nonprofit is that you will be able to get tax-deductible donations. Even if you are planning on funding your nonprofit yourself, this is still a good feature to have. Doing this will help you avoid paying personal…
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