How to Protect the Founder of a Non-Profit Through Sole Membership
Non-profits are established in passion with a desire to help the world become a greater place. Founders of these non-profits choose to start these mission driven organization to fulfill their vision of providing the world with an answer to life’s most challenging issues. Whether it is a non-profit that is assisting in research to tackle some of the most debilitating diseases or lending a helping hand to those members of the population who need it the most, non-profit organizations are an invaluable way to promote progress in our communities. One aspect that make non-profits different from regular for-profit corporations is that non-profits have no owner as the government classifies them as corporations that enrich general public, rather than typical corporations that are created to enrich the owners. Non-profits are typically run by a board of directors that oversee the operations of the organization. While a founder of a non-profit may serve on the board to ensure that their original vision for the organization is being followed, the board is subject to change when a majority of the board decides to remove a director. This can result in the unfortunate case of a founder being ousted from the very non-profit they worked so hard to establish. However, there is a way to ensure that a founder may protect their position and the overall mission they sought out to implement.
Sole membership non-profits allow for a founder to be placed on as a member of the organization. These members are provided the ultimate power to decide on who will be on the board of directors and can stop any action that the member feels violates the original purpose of the non-profit. This creates a power for the founder to protect their original vision, whereby, the founder may veto contrary decisions and enforce the mission established at the inception of the non-profit. This type of structure is created through the original Articles of Incorporation and Bylaws when the organization is created. Crafting your vision may be daunting task, but Anderson and Associates, PA is here to help you maintain control over your creation and ensure that your dream to leave a positive impact on the world is protected.
Visit our website at www.ConsultLawOffice.com or call us at (407) 843-9901 to schedule a consultation to speak with one of our attorneys to find out how you can set up a sole membership non-profit.
Anderson and Associates, P.A.
225 N. French Ave.,
Sanford, FL 32771
Phone: 407-843-9901
Info@ConsultLawOffice.com