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If an organization is to qualify for tax exempt status, the organization's (a) charter — if a not-for-profit corporation — or (b) trust instrument — if a trust — or (c) articles of association — if an association — must specify that no part of its assets shall benefit any people who are members, directors, officers or agents (its principals).
Legal compliance is the process or procedure to ensure that an organization follows relevant laws, regulations and business rules. [5] The definition of legal compliance, especially in the context of corporate legal departments, has recently been expanded to include understanding and adhering to ethical codes within entire professions, as well.
ISO 20121 (full name: ISO 20121:2012, Event sustainability management systems –- Requirements with guidance for use) is a voluntary international standard for sustainable event management, created by the International Organization for Standardization. The standard aims to help organizations improve sustainability throughout the entire event ...
A 501(c) organization is a nonprofit organization in the federal law of the United States according to Internal Revenue Code (26 U.S.C. § 501(c)). Such organizations are exempt from some federal income taxes. Sections 503 through 505 set out the requirements for obtaining such exemptions.
Sustainability in event management incorporates socially and environmentally responsible decision making into the planning, organization and implementation of, and participation in, an event. It involves including sustainable development principles and practices in all levels of event organization, and aims to ensure that an event is hosted ...
The Federal Advisory Committee Act (FACA) (Pub. L. 92–463, 86 Stat. 770, enacted October 6, 1972), is a United States federal law which governs the behavior of federal advisory committees. In particular, it has special emphasis on open meetings, chartering , public involvement, and reporting. [ 1 ]
At events such as volleyball tournaments, yoga workshops, and ceramics projects, you mingle with like-minded people. It's a great way of making connections, whether friendly or romantic.
Most business records have specified retention periods based on legal requirements and/or internal company policies. This is important because in many countries (including the United States), many documents may be required by law to be disclosed to government regulatory agencies or to the general public.