Can a person be the sole member of a non-profit organization?
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Can a person be the sole member of a non-profit organization?
When incorporating put down the organization will vest it management affairs to the members of the company instead of the board of directors. I know that there to be a president, secretary, and 3 director minimum but this is if the organization will be runned by the directors.
Asked on May 3, 2013 under Business Law, Texas
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Under the federal tax laws of this country per regulations created by the Internal Revenue Service, if a corporation of limited liability meets the requirements to be a tax exempt organization (non-profit) then one person can wear all the hats of the entity as president and secretary with one director.
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