Because they serve the public, nonprofits need to be as accountable and transparent as possible. This means that all documentation and procedures should be in order and reviewed regularly by an outside party. Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, explains what a legal audit entails, what a lawyer will be looking for, and the common issues that are uncovered during the process.
Every charitable organization is governed by a board of directors, but these people aren't just figureheads. They are ultimately responsible for the success or failure of the nonprofit they serve. Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, explains what directors are actually liable for, what happens to a director who is found liable, and what protections organizations can put in place for their directors.
Applying for charitable status through the Canada Revenue Agency can be a long and sometimes arduous process. But it will go a lot more smoothly if you are properly prepared. Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, explains what organizations must do before they apply, how to avoid common mistakes on your application, and what happens if your request is rejected.
There are lots of worthy causes out there and you might be a champion for one of them, but should you start a nonprofit organization to support that cause, and what do you need to know if you do decide to give it a go? Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, explains the difference between a charity and a not-for-profit, the benefits of incorporation, minimum board member requirements, and federal versus provincial incorporation.
Registered charities are required by law to distribute the bulk of their receipted revenue to causes or activities in line with their charitable mission. But the numbers aren't always as cut and dried as one might expect. Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, discusses the rules of thumb for the disbursement quota, what happens when there is a disbursement quota shortfall, and how to deal with generated income.
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