Whether a nonprofit needs more than one Board member | SE4N Clips

SE4N's A. Michael Gellman and Benjamin Takis discuss whether #nonprofit organizations are required to have at least 3 Board members to obtain #501c3 status when state law allows incorporation with only 1 Board member, and how the single-member nonprofit corporation structure can sometimes be used to address a founder's concerns about losing control of the direction of the organization. Our checklist of steps to forming a 501(c)(3) nonprofit organization is available here: https://www.se4nonprofits.com/blog/ch... And you can join SE4N's mailing list to download our free Nonprofit Financial and Legal Compliance Basics Checklist, covering Conflicts of Interest, Internal Controls and Risk Assessment, Employment and Human Resources, Financial Reporting and Audits, Government Grants, Governance and Corporate Records, and more: https://www.se4nonprofits.com/download