Sometimes, a group of people want to organize for a purpose. This purpose could be for the good of society in general. These groups can become charitable non-profits and registered charities. Other times, people may want to organize for the benefit of a segment of society. Sports groups, activity clubs, dance groups, daycares, and service groups are examples of these types of groups. These types of groups can become membership non-profits. For each type of organization, there are rules about creating, governing and running them.
You may want to set up a non-profit or you may already be involved in a non-profit. In either case, an understanding of the laws that govern non-profits is important.
Being a registered charity has a specific meaning for tax purposes. It does not simply mean the group was organized as a charitable non-profit. They also have certain rights and obligations.
Many non-profits and charities rely on volunteers to assist them in carrying out their mission. It is important that organizations and volunteers both understand their rights and responsibilities.
Many people who are part of non-profits or charities are not accountants. However, even lay people need to understand some accounting basics to properly run an organization.
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