Anderson Business Advisors Podcast
Business:Investing
In today’s episode, Toby Mathis, Esq. speaks with Karim Hanafy, Esq., about the top ten most common mistakes that are made when setting up a non-profit 501(c)3. From issues with state vs. federal requirements, to describing your charitable activities, compensation of your board, and the ever-important asset protection, Karim has seen every mistake possible and wants to help you have a seamless experience when setting up your non-profit organization. See the links below for a free workshop from Anderson Advisors.
Highlights/Topics:- Karim’s background/expertise in non-profits
- Top 10 mistakes in no particular order
- Accidental setups in the wrong structure: For-profit, B-corps, LLC’s
- State requirements for Articles of Incorporation vs. Federal
- Describing your charitable activities
- Incorrect terminology that triggers investigation and delays
- Public charity or private foundation?
- Compensation for directors and officers, board members
- Filing tax returns
- Donating different types of assets - professional appraisals and the correct forms
- Donor thank you letters and the IRS-required language
- Asset protection
Start Your Nonprofit Plan in 45 Minutes For Free
https://andersonadvisors.com/nonprofit-501c3/
Email Karim Hanafy
khanafy@andersonadvisors.com
Toby Mathis on YouTube
https://www.youtube.com/c/tobymathisesq
Anderson Advisors
https://andersonadvisors.com/
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