You are here

Sole Member Bylaws Can Protect Founder of Nonprofit-RRP

Sole Member Bylaws Can Protect Founder of Nonprofit-RRP

The right to appoint and remove directors and veto any amendments to governing documents is critical to control of the organization

We have frequently referred to a “sole member” corporation to protect a founder of a nonprofit corporation when the founder wants assurance that he or she can develop the organization as a career to help make the world better in some way.

Not everyone believes that they are appropriate or in the public interest.  But we have seen too many founders, who work for years essentially as volunteers, to create an organization and then get fired when their “best friends” on the Board decide to go in a different direction.  The community usually loses an important effort in such situations, especially when the best friends could have gone off and established their own organization to do what they want to do.

This 9 page pdf includes a discussion of the topic and an “annotated” version of sample bylaws.

Add this product to your cart and checkout. The link to the pdf will be contained in your purchase receipt. If you do not receive a receipt, please check your spam folder.

Need more information on bylaws? Consider purchasing our recorded webinar - Bylaws: The "Constitution" of Nonprofits - The Art and Science of Making Them Work

Buy the combined pages: Sole Member Bylaws and Bylaws: The "Constitution" of Nonprofits for $9.95. This is a 24 page pdf.

ATTENTION PAID SUBSCRIBERS: If you want to access this RRP, log in, go to the Ready Reference Page tab on the site and download the page for FREE.

NOT A PAID SUBSCRIBER?  Want FREE access to this and more than 130 other plain-English Ready Reference Pages?  New subscribers can access our entire archive for three months for only $17.95.  Subscribe now.

Questions? Call or email or 1-888-NP-Issue. 

Price: $5.95

Sign-up for our weekly Q&A; get a free report on electioneering