Three Surprising Legal Tips for Nonprofits
Ask anyone in the nonprofit world and you’ll hear that budgets are constrained. Running a nonprofit, however, is not easy. Brent Andrewson, an attorney at our sponsor Kirton McConkie, offers these three surprising legal tips to help.
Be mindful of conflicts of interest. If you have a great board of directors, officers and employees it is likely you’ll find your organization navigating conflicts of interest from time to time. The existence of a conflict does not mean that you cannot proceed with a proposed project or transactin, but it does mean that you need to proceed carefully in this nuanced arena.
Be sure to know when you need to register with a state for fundraising there. Forty states require nonprofits to register. Just having a website doesn’t trigger registration requirements, but other normal solicitation activities, including crowdfunding may.
Being a nonprofit triggers regulation; it doesn’t exempt you from it.The tax, fundraising and other implications of nonprofits subject organizations to increased–not reduced–scrutiny from regulators.
On Thursday, October 1, 2015 at 1:00 Eastern to talk about these three tips. Tune in here then to watch the interview live. Post questions in the comments below or tweet questions before the interview to @devindthorpe.
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More about Kirton McConkie:
Kirton McConkie is Utah’s largest law firm. It provides excellent service in helping clients solve problems, achieve results and realize opportunities. We serve individuals and businesses, from large multinational organizations to small start ups. As the largest law firm in Utah, we represent a depth of collective knowledge and skills, clients desire. We also know, for the most part, clients tend to hire individual lawyers they have heard about, who have been referred to them or who they already know. We know it is true because it happens for us all the time. Many of our new clients come from referrals. To us, this is the highest form of recognition for the work and service we provide as lawyers and as a law firm.
Brent Andrewsen, Kirton McConkie
Mr. Andrewsen is a member of Kirton McConkie’s Corporate, and Tax and Estate Planning sections. His practice includes estate planning, probate and trust administration, gift taxation, tax-exempt organizations, charitable trusts and planned giving. Mr. Andrewsen also has advised clients with respect to business matters and has assisted in forming various business entities and transactions. He is a frequent speaker on issues regarding tax-exempt organizations, planned giving, estate planning, and related topics. In addition to his professional work, he has sat on the boards of various charitable organizations over the years. Mr. Andrewsen has an AV PreeminentTM peer rating from Martindale-Hubbell and is recognized as one of Utah’s Legal Elite for estate planning, a Mountain States Super Lawyer for estate planning and non-profits and a Best Lawyer for trusts/estates and nonprofit/charities. He was also honored by Utah Business magazine as a 40 Under 40 Rising Star.
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