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Topic: married board members( Topic Closed) | |
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gracie
Walk-On Joined: 4/04/07 Location: United States Online Status: Offline Posts: 0 |
Posted: 11/09/07 at 12:41pm |
I found the following information on a prominent legal website, legalzoom.com: Non-Profits FAQsCan the board of directors be related?
The IRS wants to ensure the control of the non-profit consists of people from the public. According to the IRS, related directors, or those with common business interests (i.e., they own a business together), cannot make a disinterested vote.
Even if related directors are unpaid, the IRS may still ask the non-profit to revise the board to people who are unrelated. |
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