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  2. Non-profit organization laws in the U.S. - Wikipedia

    en.wikipedia.org/wiki/Non-profit_organization...

    In a non-profit corporation, the "agency problem" is even more difficult than in the for-profit sector, because the management of a non-profit is not even theoretically subject to removal by the charitable beneficiaries. The board of directors of most charities is self-perpetuating, with new members chosen by vote of the existing members.

  3. Nonprofit organization laws by jurisdiction - Wikipedia

    en.wikipedia.org/wiki/Nonprofit_organization...

    After a nonprofit organization has been formed at the state level, the organization may seek recognition of tax-exempt status with respect to U.S. federal income tax. That is done typically by applying to the Internal Revenue Service (IRS), although statutory exemptions exist for limited types of nonprofit organization. The IRS, after reviewing ...

  4. Low-profit limited liability company - Wikipedia

    en.wikipedia.org/wiki/Low-profit_limited...

    A low-profit limited liability company (L3C) is a legal form of business entity in the United States. [1] Commonly referred to as a hybrid structure, it has characteristics of both for-profit and non-profit entities. [1]

  5. Minors may need parents’ permission to join social media ...

    www.aol.com/minors-may-parents-permission-join...

    Kids and teens under 18 in Louisiana may soon need their parents’ permission to sign up for online accounts, including for social media, gaming and more, under a newly-passed bill in the state.

  6. Model Nonprofit Corporation Act - Wikipedia

    en.wikipedia.org/.../Model_Nonprofit_Corporation_Act

    The Model Nonprofit Corporation Act (MNCA) is a model act prepared by the Nonprofit Organizations Committee of the Business Law Section of the American Bar Association. [1] The MNCA is a model set of statutes governing nonprofit corporations proposed for adoption by state legislatures.

  7. Louisiana begins year with new law banning gender affirming ...

    www.aol.com/louisiana-begins-law-banning-gender...

    Louisiana begins 2024 with a new law banning gender affirming healthcare for transgender minors, joining its neighboring states and more than 20 others in enacting complete or partial bans, many ...

  8. Ex-Louisiana mayor is arrested and accused of raping minor ...

    www.aol.com/news/ex-louisiana-mayor-arrested...

    A woman who abruptly resigned her mayoral seat in a small southwest Louisiana city a week ago is now facing a rape charge involving a minor. Louisiana State Police arrested Misty Clanton Roberts ...

  9. Nonprofit corporation - Wikipedia

    en.wikipedia.org/wiki/Nonprofit_corporation

    A mutual-benefit nonprofit corporation or membership corporation, in the United States, is a type of nonprofit corporation chartered by a state government that exists to serve its members in ways other than obtaining and distributing profits to them. Therefore, it cannot obtain IRS 501(c)(3) non-profit status as a charitable organization. [4] [5]

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