![]() ![]() ![]() They’re an internal legal document and do not need to be filed with the State, but the IRS will ask you to either attest to the fact that they have been adopted or request that you attach a copy to your Form 1023 application when incorporating and applying for the 501(c)(3) exemption. They also help guide the actions and decision-making of the Board of Directors and help prevent and resolve conflicts or disagreements. They set out procedures and guidelines for processes such as electing directors, holding meetings, membership structure, and other essential governance matters. Think of your nonprofit bylaws as your internal affairs guidebook or your organizational manual. We also share a downloadable nonprofit bylaws template. Nonprofit bylaws are arguably the most important document your organization will ever draft.īut… If the very thought of drafting your nonprofit’s bylaws makes you anxious, fear not!īelow, we share the best tips and practices from experts in the field to help you draft your nonprofit bylaws. While drafting your nonprofit bylaws can be a stressful, confusing, and time-consuming process, it’s also an incredibly important one. However, more often than not, when such or similar questions arise and nonprofits turn to their bylaws for guidance - many find them to be antiquated, patch-worked, or not reflective of the organization’s current practices. How many Board members need to say “yes” to approve a major capital project?ĭoes a situation constitute a conflict of interest?Īll of these questions, and more, can and should be answered in your nonprofit bylaws.
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