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Formation Process

Can family members serve on the board?

Some family involvement is acceptable, but a majority of the board should be independent (unrelated) to avoid conflicts of interest and maintain IRS compliance.

More in Formation Process

Do we need to register for state taxes even if we’re tax-exempt federally?What’s the difference between an “incorporator statement” and board minutes?What should we do if we already collected funds personally for the project before formation?Can we form a nonprofit for a single annual event?

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