Quote:
Originally Posted by wilsonmw04
The change in name of the non-profit can be as easy as changing the "also doing business as:" portion of there tax documentation.
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I somewhat agree.
The thing that stuck out to me in the responses to questions email that came out last week was that the individual entities must be maintained in order to keep continuity in the non-FRC programs. If that's the case, then the charters & by-laws of the individual programs may need to be re-written once a new entity is stood up, or if the predominant role of one of the entities no longer includes FRC. It all depends on how the charter/by-laws were written to begin with. Otherwise the non-profits are no longer performing their stated duty and would be subject to auditing, long questionnaires from state & federal entities, etc.
Seems to me like there is a lot of time in the year, but most of this year's time has been allocated to finding equipment rather than structuring the organization. This has pros & cons, and I really hope it doesn't wind up hamstringing things down the road.