Attorney Brian Ezuka joins producer/host Coralie Chun Matayoshi to discuss:

  • The differences between for-profit and nonprofit entities
  • Advantages of forming a nonprofit corporation
  • Types of documents needed to form a nonprofit corporation, including Articles of Incorporation, Bylaws, and Policies
  • Obtaining a state general excise tax number, federal employer identification number, and applying for tax-exempt status from the IRS
  • Key requirements for maintaining your nonprofit corporate status including reporting and tax filing requirements, and

Key requirements for maintaining your nonprofit tax-exempt status including limitations on political activity, prohibition on private benefit, and maintenance of public funding support.