The materials in our Resources section are for informational purposes only, without any representation that they are accurate or complete. These publications do not constitute legal advice and do not create an attorney-client relationship between the reader and any other person, nor are they an offer to create such a relationship. These publications are current as of the date written, but laws change over time and vary from state to state. As a result, the information presented here may not be timely and/or appropriate for any state not specifically addressed in a publication. Consult an attorney if you have questions regarding the content of any publication.

Corporate Governance

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Posted on May 21, 2018

Nonprofits hold board meetings quarterly if not monthly. These meetings are required by the organization’s bylaws and at least yearly by law, but it’s hard to find training for Executive Directors, CEOs and Board Chairs regarding how to prepare for and run such meetings. More importantly, how does one make such meetings effective?

During this webcast, our speaker addresses the following:

  • How to prepare for board meetings
  • How to run board meetings
  • Documents associated with such meetings
  • How to keep board meetings focused and on track, and
  • Key follow up steps after a board meeting
  • Presenter: Robin Sangston, V.P. Chief Compliance and Privacy Officer, COX Communications

    View the webcast here.

    Posted on October 30, 2017

    Under Georgia law, government agencies and even some nonprofits are required to make certain meetings and records open to the public. Georgia’s Open Records Act and Open Meetings Act provide broad public access to such records and meetings.

    During this webinar, our speaker helps nonprofits understand:

      – When a nonprofit is required to comply with Georgia’s Open Records and Open Meetings Acts;
      – What constitutes an open record and an open meeting; and
      – How to comply with Georgia’s Open Records and Open Meetings Acts

    Presenter: Marquetta Bryan of Nelson Mullins

    Click here to view the webcast.

    Posted on March 14, 2017

    U.S. nonprofits that have bank accounts in foreign countries must file a Report of Foreign Bank and Financial Accounts (FBAR) each year to report the existence of foreign financial accounts held outside the United States. Beginning this year, the filing deadline for the FBAR has been moved up to April 15 with a new automatic six-month extension option until October 15, 2017. This change aligns it with the filing deadline for individual income tax returns.

    For more information about FBAR, see our article Reporting Requirement for Nonprofits with Foreign Bank Accounts.

    Posted on March 11, 2015

    Did you get incorporated in one state and then move your operations?

    A nonprofit organization’s tax-exempt status is tied to its incorporation. The IRS decides whether to recognize a nonprofit as tax-exempt under §501(c)(3) of the Internal Revenue Code based on its articles of incorporation and bylaws. If your organization incorporates in one state and obtains its §501(c)(3) status then later decides to move states, the organization should not reincorporate in the new state. The organization should instead maintain its incorporation in the original state (including filing its annual registration and reports) and also register as a foreign corporation in the new state, if required to do so under that state’s law. For more information about registering as a foreign nonprofit corporation in Georgia, please see the article attached.

    Posted on January 28, 2015

    A nonprofit organization that plans to end its operations should complete certain steps including adopting resolutions and making government filings. An organization that closes without following proper procedures could expose itself to lawsuits from claimants and creditors and IRS enforcement actions. This article provides a broad overview of the dissolution process.

    Posted on November 14, 2014

    A nonprofit’s bylaws define how the organization is governed. Some of the most important items addressed in the bylaws are the roles and duties of directors and officers, the rules for conducting board meetings and electing directors, and the relationship between the nonprofit and any members or affiliates. A well-drafted set of bylaws can enable an organization to achieve its goals.

    During this webcast, our speaker will help nonprofits understand:
    • The interplay of bylaws with state nonprofit corporation law, and the organization’s articles of incorporation, and policies and procedures
    • Best practices for maximizing organizational effectiveness
    • The process for drafting and revising bylaws

    Presenter: Paul Fancher, Troutman and Sanders

    Due to technical difficulties, this webcast is in two parts. Please view both for the complete webcast.

    Part 1
    Part 2

    Posted on July 30, 2014

    This article presents the steps for changing the legal name of a 501(c)(3) tax-exempt, nonprofit organization in Georgia.

    Posted on July 30, 2014

    This article sets forth best practices for a 501(c)(3) nonprofit corporation to consider when determining the size and composition of its board of directors.

    Posted on July 17, 2014

    This is part seven of an eight part webinar series that provides general legal information about operating a 501(c)(3) tax-exempt, nonprofit corporation. This webinar details the financial responsibilities of the Board of Directors, including approving budgets, reviewing financial statements, and setting internal controls.

    Presenter: Denise Devenny, CPA, Vice President of Operations with the Bipartisan Policy Center

    Click here to view webinar.

    Posted on July 17, 2014

    This is part four of an eight part webinar series that provides general legal information about operating a 501(c)(3) tax-exempt, nonprofit corporation. This webinar covers the recordkeeping requirements for nonprofits, including IRS requirements, and best practices for keeping and maintaining other important organizational records.

    Presenter: Mark Hoenig, Esq., Weil, Gotshal & Manges

    Click here to view the webinar.