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Say the corporation is a non-profit corporation and two of the shareholder have a personal disagreement. One is a volunteer officer can legal fees be paid out of corporation funds?
Wiki User
∙ 15y ago
a business firm whose articles of incorporation have been approved in some state
Personal matters cannot be paid by the business without them being considered compensation to the ones that benefited. There must be a business purpose for the expense.
An officer does not need to be a stockholder. If a stockholder, officer or other party sues or causes an action against the COMPANY (or an officer/employee of the company arising from his actions as a company rep), then the company must defend itself or it's officer/employee and those are business expenses. And finally, an NFP normally doesn't have stockholders in the conventional sense.
Wiki User
∙ 15y ago
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Can a volunteer sue a nonprofit for wages?
A volunteer, by definition, is an unpaid position.
Where can i go do my volunteer service for high school?
Hospitals, nonprofit groups
Volunteer health organizations can be run by private or nonprofit agencies?
True :p
What does the organization Summer in the City do?
Summer in the City is a nonprofit volunteer organization in Detroit. They focus on planting, painting, and playing. Anyone older then fourteen can volunteer.
Can you volunteer in the US without a visa?
A person can volunteer in the United States with a B1 visa. The volunteer program must be an organized project by a recognized religious or nonprofit organization that provides services to the needy. A person can not volunteer in the United States without a B1 visa.
Does Tennessee have insurance coverage for volunteer worker for nonprofit organizations?
It's up to the nonprofit organization to decide if it wants to purchase insurance. Whether you are in the state of Tennessee or any other state has no bearing.
Who is the manager a non profit corporation?
The manager of a nonprofit organization is typically called the Executive Director. Recently, they are being called CEOs, though. The two are interchangeable, unless someone is really picky. Depending on the size of the nonprofit, there may be other "managers". Some include Development Managers (fundraisers), Program Managers, and Volunteer Coordinators. They are responsible for different departments/functions within the organization.
Do nonprofit jobs often involve many hours for volunteers?
Nonprofit jobs are almost the same as volunteer jobs. They offer many hours for volunteers. You would most likely need to be a member though for a while.
Do all nonprofit job require a set number of hours?
If you get a paying job with a nonprofit organization, you may have to work a certain number of hours to be eligible for some of the employee benefits they offer. This is true when you work for any organization, profit or nonprofit. If you are a volunteer, you may ask the nonprofit for certain hours, so you can work around the schedule demands of the rest of your life.
Do WikiAnswerscom moderators get paid?
The corporation has paid staff, but the Supervisors are a volunteer community.
Can you get paid on the nonprofit organization?
Non-profit organization do have some paid positions within them, though most who work with these organizations are on a volunteer basis.
How many employees must a non-profit corporation have?
To qualify as a non-profit corporation in the United States, only one employee is necessary. And, that employee can be a volunteer.
