The Guidebook is a valuable reference for directors of nonprofit corporations in the U.S.--from the smallest corporation operating at a local or even neighborhood level to the largest nonprofit corporation across the U.S. and internationally. The book provides general legal principles as they apply to nonprofit corporations and offers useful and practical suggestions and checklists. Written by leading lawyers in the nonprofit industry, the guide assists directors of nonprofits on how they perform their duties and provides an overall understanding of their role to the corporations they serve.

This fourth edition reflects issues that affect directors of nonprofit corporations today. While the issues are unchanged from what they were in previous editions, they reflect today's realities and legal developments. The Guidebook also identifies developing trends and legal issues that are likely to affect nonprofit corporations and their directors in the future.

This updated edition includes:

• The nonprofit corporation and its directors: what they do, how they do it, and for whom
• The corporation's purpose and how it affects the directors
• Duties and rights of nonprofit directors
• The committees and advisory bodies
• Officers and the standards of conduct
• Taxation: qualifying for tax exempt status, reporting requirements, and more
• Employees and volunteers
• Mergers, sales of assets, affiliations
• Director liability risk
• Legal environment of a nonprofit
• And much more!