1 / 8

Understanding Non-Profit Organizations in Florida: A Comprehensive Guide

Join Professor Rebecca S. Trammell from Stetson University's Dolly & Homer Hand Law Library for an insightful presentation on non-profit organizations in Florida. Learn about their mission-driven nature, incorporation requirements, and legal entity status. Discover essential steps for forming a non-profit, including drafting bylaws, establishing a governing board, and obtaining tax-exempt status. This session is perfect for anyone looking to navigate the intricacies of non-profit management and compliance in Florida. Remember, this information is for educational purposes and does not constitute legal advice.

torn
Download Presentation

Understanding Non-Profit Organizations in Florida: A Comprehensive Guide

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Florida Library Association & Stetson University College of Law Dolly & Homer Hand Law Library Non-Profit Basics Professor Rebecca S. Trammell

  2. What is Non-Profit? • Mission driven – not profit driven • Unincorporated non-profit association • Non-profit corporation or foundation • Mission to serve the public • Incorporated in a state • Florida Statute – Fla. Stat. Ch. 617

  3. What Do You Need to Know? • What kind of organization do you have? • Look for documentation • Mission • Articles of Incorporation • Bylaws

  4. Non-Profit Corporation • Business focused on the public good • Legal entity • Incorporated under state law (varies by state) • Directors may not profit • Profits must stay in corporation • Corporate status protects against personal liability in most cases • Favorable tax status – Without such status • Profits taxed as corporate income • Donations are not tax deductible

  5. Non-Profit Incorporation - Florida • Create a governing board • File articles of incorporation • Draft Bylaws • Obtain tax-exempt status • Federal • State • Additional documentation • Annual reports • IRS compliance policies • Corporate record keeping

  6. In Florida • Consult an attorney • Florida Secretary of State website http://ccfcorp.dos.state.fl.us • Forms Fees • Help • Forming a non-profit in Florida http://www.citmedialaw.org/legal-guide/florida/forming-nonprofit-corporation-florida

  7. Other Topics in this Series • Non-Profit Basics • Tax Exempt Status • Donations & Fundraising • Non-Profit Board Members & Officers • Non-Profit Employees & Volunteers • Non-Profit Risk Management • Non-Profit Income & Records • Useful Non-Profit Resources

  8. Remember This presentation provides information, not legal advice. Always consult an attorney for legal advice.

More Related