Julie Brook discusses in her article some key steps that an attorney should follow when forming a nonprofit. Her steps include:

1. Provide reorganization analysis and advice,

2. Draft and file governing instruments,

3. Prepare and file state and federal exemption applications,

4. Prepare an operating manual for directors, officers, and staff that’s tailored to the client’s needs,

5. Provide advice and forms for fundraising,

6. Identify and retain a qualified nonprofit accountant,

7. Locate an auditor to perform an audit if gross revenue exceeds $2,000,000, and

8. Determine the responsible party for filings and minutes.

Read her full opinion here: “To Do” List for Setting Up a Nonprofit

Posted by Allison Trupp, Associate Editor, Wealth Strategies Journal