Blue Field LawBook Free Consultation

HomeFAQFormation Process

Formation Process

What should we do if we already collected funds personally for the project before formation?

Document it carefully and discuss whether funds are treated as a donation to the new nonprofit or a reimbursable advance. The board should ratify the treatment in writing.

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?Can we form a nonprofit for a single annual event?Do we need a conflict-of-interest policy at formation stage?

Talk it through with an attorney.

A free 15-minute consultation with Touria Mobin. No pressure, no commitment.

Book free consultation(650) 434-0087