Tuesday, January 27, 2015

Legal and Tax Considerations for Your Genealogical Society

Is your society incorporated?  Did you know that most societies are not incorporated as a 501(c)(3) corporation, but are organized and incorporated under their individual state laws and merely qualify for tax-exempt status under the Internal Revenue Code?

If your society is not incorporated, is your President aware that they might be held personally responsible for every contract or agreement involving your society?

What does "not-for-profit" actually mean?  Did you know that it's totally okay for your society to make money?

Join guest Frederick E. Moss, JD, former Associate Dean and Professor of Law at Texas Wesleyan University School of Law, in this episode as he discusses these and other challenges your society may be facing, or may face in the future.

Listen to the archived broadcast of "Legal and Tax Considerations for Your Genealogical Society" on the blogtalkradio My Society channel by FGS, or you can listen below:

Check Out History Podcasts at Blog Talk Radio with mysociety on BlogTalkRadio

For more information, check out these articles from our Society Strategy Series:

Legalities of Establishing a Society
Five Steps to Organizing a Society
Incorporation and IRS Regulations

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