This article posted on our partner site Mondaq.com informs the directors, officers, and other staff of non-profit organizations of the fifteen most common pitfalls with respect to their corporate by-laws and the ways to avoid them.

For instance, the author notes that non-profit organizations can more appropriately reflect the governance arrangements of the organization by making use of newer non-profit corporation acts to establish "designated bodies" that hold power under the corporate by-laws.

We note that the pitfalls found here are also pitfalls that would potentially befall a for-profit corporation, so this article is a worthwhile read for any new incorporator or corporate secretary.

This "blog bite" comes to you as a part of Clausehound's collaboration with Mondaq!

For more information, check out these blog posts:

• Not For Profit Doesn't Mean that the Books Don't Need to Balance!
• Blog Bite: What's the best approach for more than one not-for-profit organization to combine efforts?