Transitioning from fiscal sponsorship to being an independent 501(c)(3) organization | SE4N Clips

SE4N's A. Michael Gellman and Benjamin Takis discuss the main issues to consider when transitioning from being fiscally sponsored to becoming an independent 501(c)(3) nonprofit corporation, including the timing for IRS review of the Form 1023 application, some key provisions to examine in the fiscal sponsorship agreement, and more. For further reading, check out Q&A 87, discussing the issue of who controls the remaining funds when fiscal sponsorship is terminated: https://www.se4nonprofits.com/blog/qa... 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