Top 10 Mistakes People Make When Setting Up and Operating a Nonprofit

In today’s episode, Toby Mathis, Esq. speaks with Karim Hanafy, Esq., about the top ten most common mistakes that are made when setting up a non-profit 501(c)3. From issues with state vs. federal requirements, to describing your charitable activities, compensation of your board, and the ever-important asset protection, Karim has seen every mistake possible and wants to help you have a seamless experience when setting up your non-profit organization. See the links below for a free workshop from Anderson Advisors.

Highlights/Topics:

• Karim’s background/expertise in non-profits
• Top 10 mistakes in no particular order
• Accidental setups in the wrong structure: For-profit, B-corps, LLC’s
• State requirements for Articles of Incorporation vs. Federal
• Describing your charitable activities
• Incorrect terminology that triggers investigation and delays
• Public charity or private foundation?
• Compensation for directors and officers, board members
• Filing tax returns
• Donating different types of assets - professional appraisals and the correct forms
• Donor thank you letters and the IRS-required language
• Asset protection

Resources:

Start Your Nonprofit Plan in 45 Minutes For Free

https://andersonadvisors.com/nonprofit-501c3/

Email Karim Hanafy

khanafy@andersonadvisors.com

Toby Mathis on YouTube

https://www.youtube.com/c/tobymathisesq

Anderson Advisors

https://andersonadvisors.com/