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Managing Assets

When forming a corporation, there are basic details that must be taken care of or decided upon before the nonprofit opens for business. You will want to have rules and procedures ready to deal with items such as how you will handle assets (vehicles or property owned), insurance (for property, liability and board) and what the Secretary is responsible for (record and document keeping). An outline about these details follows with Internet sites for information

World Wide Web Internet Links

"Managing Assets, Records and Documents" on this site

Vehicles, Owned, Donated, Rented, Borrowed or Leased
Real Property, Land, Buildings, Leases, Rentals
Personal Property Including Equipment
Tangibles (Stocks and Investments)
Insurance for Vehicles and Assets, Liability, Business, Directors & Officers
Fiduciary duties-Board, officers, employees
Duties of Secretary for record keeping and document retention

Suggested Internet Resources

Alliance for Justice-Nonprofit Advocacy works toward strengthening the voice of nonprofits in the area of public policy debate. They achieve this goal by working with tax-exempt organizations to better understand the laws that regulate them.
http://www.allianceforjustice.org/nonprofit/index.html

Sites about fiduciary duties-Board, officers, employees

http://www.ctnonprofits.org/Pages/NonProfitResources/BoardBuilderOct2003.asp

Sites about Insurance (for vehicles, assets, liability, business, directors and officers)

http://www.managementhelp.org/insurnce/insurnce.htm

http://www.guidestar.org/news/features/npo_insurance.jsp

Internal Revenue Service (IRS)
www.irs.gov

Nonprofit laws are listed in: Index of Chapter 1702 Ohio Revised Code, Nonprofit Corporation Law
http://onlinedocs.andersonpublishing.com/oh/lpExt.dll/PORC/da2c/dcc4?f=templates&fn=documentframe.htm&2.0#JD_1702

All About Nonprofit Charitable Organizations
http://nonprofit.about.com/

Sites about personal property (including equipment)

http://tax.ohio.gov/divisions/legal/rules/final/5703_03/index.stm

http://www.asae-aon.com/risk_management/exposures_detail.jsp

Sites about real property, land, buildings, leases, rentals