nonprofit law

Nonprofit law governs organizations formed to serve the public good rather than generate profit for owners or shareholders. It outlines how these groups must operate, manage funds, and maintain tax-exempt status, typically under IRS regulations in the U.S. or equivalent agencies elsewhere. Nonprofits must adhere to rules on governance, reporting, and lobbying or political activity limits. The law ensures accountability, transparency, and that the organization’s activities align with its charitable purpose. Proper understanding of nonprofit law helps organizations operate legally, maintain public trust, and access tax benefits.