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Showing posts from December, 2023

Nonprofit Organizations: Do I Really Need this Policy? Part 1

Are you thinking of forming a nonprofit organization but you are unsure of what documents should be included in your organizing paperwork? Nonprofit Organizations are formed in the state of Michigan by filing the Articles of Organization (or Articles of Incorporation) with the Michigan Department of Licensing and Regulatory Affairs. The organizers must then draft “bylaws” which are the operating manual for your nonprofit corporation. Your bylaws explain a members' rights and responsibilities, as well as establish the rules for governing your organization. The bylaws contain foundational information like the voting procedure and the number of board members required. In addition to the by-laws of the organization there are other important policies the organization may want to consider adopting. In this two part blog post you will learn about why these policies are important and what should be included in them. This includes policies on the following topics: conflicts of interest, d