storytellers of san diego n.
Skip this Video
Loading SlideShow in 5 Seconds..
Storytellers of San Diego PowerPoint Presentation
Download Presentation
Storytellers of San Diego

play fullscreen
1 / 16
Download Presentation

Storytellers of San Diego - PowerPoint PPT Presentation

hachi
166 Views
Download Presentation

Storytellers of San Diego

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. Storytellers of San Diego Writing Bylaws

  2. Unincorporated Nonprofit Association • "Unincorporated association" means an unincorporated group of two or more persons joined by mutual consent for a common lawful purpose, whether organized for profit or not. • "Nonprofit association" means an unincorporated association with a primary common purpose other than to operate a business for profit.

  3. Common Legal Issues • Nonprofit doesn’t mean tax-exempt • Liability exposure of directors and members • Fictitious business name • Registration – Registry of Charitable Trusts • Reporting

  4. Nonprofit vs. Tax-exempt • Nonprofit - State corporate law concept • Corporate purpose is not primarily to earn a profit • No owners / no distribution to “owners” • Tax-Exempt – Federal and State tax law concept • Exempt from paying corporate income taxes on income generated from activities substantially related to the entity’s exempt purpose

  5. Liability Exposure • liability protection statutes in Nonprofit Public Benefit Corporation (“NPBC”) Law (offer limited protection, but better than none) • mandatory indemnification under certain circumstances (you can also add such protections to the bylaws of the unincorporated association, but they would be subject to change at any time by the board) • greater body of case law (there are more precedents for protecting directors and officers of corporations from personal liability than there are for directors and officers of unincorporated associations)

  6. Liability Exposure • greater understanding by all parties of limited liability shield (this may serve to dissuade some potential plaintiffs from suing individual directors and officers) • unincorporated association under common law and certain jurisdictions may not be respected as a separate legal entity, exposing its members to liability for debts and obligations of the association

  7. Initial Filings • Secretary of State – Form LP/UNA 128 • Registrar of Charitable Trusts – Form CT-1 • Employment-related filings • Local licenses and permits

  8. Ongoing Reporting • Secretary of State – Form UA-100 • AG Registry of Charitable Trusts – Form RRF-1 • Franchise Tax Board • Tax Return (Form 100); or • Information Return (Form 199) • Internal Revenue Service • Tax Return (Form 1120); or • Information Return (Form 990)

  9. Current Status of SofSD • Approved UA100 (Unincorporated nonprofit association • Applying for a bank account requires board resolutions and bylaws • Bank account required to use PayPal to accept donations

  10. Bylaws of SofSD • Membership vs. Nonmembership structure • Board of Directors as chief decision-makers vs. members vote on major issues • Most nonprofits have members, who do not have legal rights to voting (nonmembership structure) • Membership organizations require membership definition (how to become, replace, remove) in bylaws • Membership organizations require quorum to do business

  11. Statement of Purpose • The Storytellers of San Diego is a non-profit association of storytellers and storytelling enthusiasts dedicated to promoting storytelling as an art form in the San Diego area.

  12. Directors • Number of directors • Qualifications of directors • Term of service • Titles and duties of directors • Election of directors • Removal of director • Regular and annual meeting dates • Quorum defined

  13. Directors vs. Officers • Board of directors govern the overall conduct of the organization • Officers conduct the day-to-day operation of the organization • Officers may be members of the Board

  14. Officers • Titles • Chair, Vice Chair, Secretary, Treasurer, others • How selected • Term of service • How removed

  15. Committees (Article 5) • Standing committees as defined in bylaws • Ad hoc committees as created for specific purposes by Board of Directors • Executive Committee can make decisions between Board meetings

  16. Other provisions • Conflict of interest statement for directors • Method for changes to the bylaws • Limited liability for directors stated in bylaws • Methods for handling finances and audit