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Legal Assistance: Hiring an attorney to draft bylaws and articles of incorporation can cost between $500 and $2,000. Insurance: General liabilityinsurance typically costs $500 to $1,500 annually. The information provided in this article is for general information only.
Cost of Incorporation& Tax-Exempt Status Every nonprofit startup must file a legal document known as the articles of incorporation with their state to begin the process. A lawyer can help you draft your ‘articles of incorporation,’ as well as help you with your application to the IRS.
For the sake of brevity, let’s say that you did everything we covered in our first article, “ 10 Tips for Onboarding All Types of Volunteers.” This is also a good time to discuss liability issues and your board liabilityinsurance (which you have, of course.) If so, that’s a great start.
Going forward, it will be increasingly difficult for nonprofits to secure the insurance they require to keep their doors open. Chances are, nobody’s ever explained to you the reason these problems exist, or the uncertain future that nonprofits face with their insurance. The answer is fourfold.
Those systems can generate new works of authorship, such as software programs, artistic works, and articles and white papers. Tort Liability. You must consider the potential tort liability issues that might arise from the use of AI. Intellectual property is a key legal issue that leaders must consider when using AI.
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