Here is the synopsis of our sample research paper on DOMENSTIC VIOLENCE AND NON-PROFIT ORGANIZATIONS. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 4-page paper offers an overview of non-profit organizations, legal obligations and pros and cons. Bibliography lists 6 sources.
Page Count:
4 pages (~225 words per page)
File: AS43_MTnoprodom.doc
Buy This Term Paper »
Unformatted sample text from the term paper:
such a paper is to discuss what, exactly, a non-profit organization is. A nonprofit organization is one that is legally committed to not
distributing any of its profits to those who own or operate the company (Definition of Nonprofit, 2011). Nonprofits may, of course, pay officers, directors and trustees for services rendered (Definition
of Nonprofit, 2011). When it comes to legal requirements or obligations of a nonprofit, we note here that there really isnt a specific,
legal definition of a nonprofit organization (Nonprofit Organization, 2009). The main obligation of any nonprofit, however, is to operate for a purpose other than generating a profit (Nonprofit Organization, 2009).
Furthermore, nonprofits are subject to the laws of the state in which they incorporate (Nonprofit Organization, 2009). This is not to suggest,
however, that nonprofits cant be sued - they can be. These organizations can be sued for a number of reasons, ranging from making or publishing defamatory statements, to violating a
states charitable solicitation laws or antitrust laws, to business-orientation lawsuits such as wrongful termination or employment discrimination (Nonprofit Organization, 2009). Nonprofits are also subject to the same transparency requirements from
a financial reporting point of view as their for-profit counterparts. As with the launch of any organization, there are pros and cons to
launching a nonprofit organization. If were discussing a non-profit tax-exempt organization (in other words, a 501(c)3 organization), the most obvious benefit to such an organization is that its exempt from
paying federal, state, property, municipal and unemployment taxes (Gbemiye-Etta, 2009). This is important, as means monies earned or raised can go toward fulfilling the organizations mission, rather than being siphoned
...