There are currently over one million nonprofits in the United States with over 50,000 new ones created each year. Everything from labor groups and churches to schools and fraternal beneficiary societies qualify for 501(c)(3) status – if the proper legal formalities are followed. The IRS recently ‘cleansed’ over 275,000 nonprofits, stripping them of their federal tax-exempt status because they failed to satisfy the IRS filing requirement for three consecutive years.
Join Beverly Hills attorney Kent Seton as he reviews the legal landscape of starting and operating a nonprofit organization. The main issues discussed by Mr. Seton include nonprofit formation, income tax, board governance and the solicitation of funds. Further topics addressed include revocation of 501(c)(3) status, setting up a nonprofit, choice of entity, unincorporated associations, charitable trusts, nonprofit charitable corporations, charitable purposes, the private inurement doctrine, self dealing, dissolution, the articles of incorporation, the 501(c)(3) standard, organized and operating for charitable purposes, the source of funding, the board of directors, board meetings, board member transactions, laws regarding the solicitation of funds, Internet fund raising, fund raising professionals & counsel and cause marketing.
Kent E. Seton, Esq., a former collegiate All-American tennis player at the University of Southern California, has spent the last 14 years of his legal career involved in representing charities, foundations and corporations in all aspects of their legal existence. Kent’s experience covers a broad array of philanthropy legal considerations. Kent also has extensive experience in representing business start-ups and established corporations in all types of matters including entity and jurisdiction selection, shareholder agreements, operating agreements and other corporate matters. Seton Law Firm is located in Beverly Hills, California with a satellite office in Irvine, California.
Practice Areas: Business Law
State Accreditations: California (CA)