What Are Independent Contractors? Independent contractors are responsible for their own work. An independent contractor is a person who has decided to independently work for himself or herself. An independent contractor is responsible to pay his own self-employment and payroll taxes, and deal with risks and liabilities attached to his work himself. Independent contractors pay [...]
ALTERNATIVES TO A NONPROFIT CORPORATION If the existence of the venture is for a short duration, the nonprofit organization may not be the best structure. Nonprofits are good for long-term ventures. Alternatives include: (1) Operating as an informal organization under the legal umbrella of an existing charity, also known as fiscal sponsorship; or (2) Forming [...]
EMPLOYEES OF NONPROFITS Many nonprofits hire employees as staff to provide programs, conduct fundraising, maintain accounting, file taxes, and other services. The nonprofit has the same legal obligations to its employees as any private business corporation, such as prohibitions against discrimination and harassment. The nonprofit corporation is also obligated to report employee’s income and make [...]
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THE ATTORNEY GENERAL IS RESPONSIBLE FOR THE REGULATION OF NONPROFIT ORGANIZATIONS The California Attorney General is responsible for the regulation of nonprofit organizations for public policy reasons. The Attorney General represents all the public beneficiaries of charity, who cannot sue in their own right. Therefore, all charities must register with the Attorney General and the [...]
NONPROFIT FUNDRAISING How do nonprofits make money? Nonprofits conduct fundraising activities. In order for donors to deduct their charitable contributions, the IRS guidelines require that the taxpayer donor show that the amount claimed as a deductible gift to charity is more than the fair market value of any benefit received. Moreover, it is important that [...]