Nonprofit Organizations Law
Welcome to LawShelf’s video-course on the law of nonprofit organizations. This course discusses the purposes, formation procedures and governance rules of nonprofits. This is an intermediate level course, and it is recommended that the viewer come in with some knowledge of business organizations law or having taken LawShelf’s video-course on that subject.
The course starts with explanations of the landscapes under which nonprofits operate and the key distinctions between non-profit and for-profit organizations. Module 1 also discusses various types of nonprofits, including charitable organizations, labor unions and trade associations.
Module 2 segues to the formation of nonprofits. It focuses on the choice of a business form that parallels the choice faced by for-profits. We’ll then discuss the steps of formation and the requirements under state law, again contrasting those of for-profits. The module also covers the important steps that nonprofits must take to secure and maintain tax-exempt status, a key goal of many nonprofits.
Module 3 surveys state and federal laws that regulate nonprofits, including the models acts relevant to these organizations. We’ll focus on nondiscrimination and harassment rules and on corporate regulations that apply to nonprofits. Finally, the module looks at education, election and lobbying rules that are particularly relevant to nonprofits.
Module 4 transitions to governance rules. We’ll look at liability of the organization and of the directors and officers. We’ll also focus on the fiduciary duties owed by the stakeholders to the organization’s members and to the public. We’ll also cover the “best judgment rule,” which protects decision makers, much like the “business judgment rule” does for for-profit managers.
The last module then looks at the rights and powers of the managers of the nonprofit. It focuses on their powers to make changes, dissolve the organization, inspect its records and the limitations on all of these. We’ll also focus on the right of indemnification, by which directors can be reimbursed for expenses incurred on behalf of the organization.
When you complete this course, you should understand the structure and management of nonprofits and the most important distinctions between non-profit and for-profit organizations.
Best of luck and we welcome your feedback.
What is a video-course?
A LawShelf video-course is an in-depth series of presentations on a discreet legal topic. LawShelf video-courses focus on practical legal information and applications and are each designed to familiarize the viewer with a legal topic quickly and efficiently.
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Video courses are divided into 5 or 6 modules. Each module contains a video lesson (usually about 15 minutes long) and a series of self-test questions that you can use to practice and make sure that you understand the material.
How do I complete a video-course?
To complete a video-course, you must pass a 10-question multiple-choice examination by scoring 70% or higher. The questions on the exam are randomly selected from the self-test question sets for the various modules. You can retake an exam as many times as you need to, though you will not get the same questions each time since the questions are drawn from an exam bank.
How long will it take me to complete a video-course?
Between watching the modules, doing the self-test practice questions, reviewing the material and taking the final exam, we estimate that completing a video-course requires a time investment of 4-5 hours. The courses are designed to get straight to the point. We’re cognizant that your time is valuable, and we condense the information you need to know to comprehensively cover a subject into as little time as practical.
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Once you complete the course by passing the final exam, you will be awarded a digital badge to display as evidence of your training and accomplishment.
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