A small organization is defined as a not-for-profit entity that is independently owned and operated. It is not considered dominant in its field of operation. This definition may be further refined by specific agencies through public comment and published in the Federal Register.
The term "small organization" is often used in various legal contexts, particularly in regulations concerning not-for-profit entities. It is relevant in areas such as tax law, grant eligibility, and compliance with federal and state regulations. Users can manage related forms and procedures through resources like US Legal Forms, which provide templates drafted by legal professionals.
Here are a couple of examples of abatement:
Example 1: A local food bank that operates independently and serves its community without generating profit qualifies as a small organization.
Example 2: A community theater group that relies on donations and ticket sales, but does not dominate the local arts scene, is also considered a small organization. (hypothetical example)
Examples of state differences (not exhaustive):
| State | Definition Variance |
|---|---|
| California | Defines small organizations based on specific revenue thresholds. |
| Texas | Focuses on the number of employees and annual revenue for classification. |
This is not a complete list. State laws vary and users should consult local rules for specific guidance.
| Term | Definition | Key Differences |
|---|---|---|
| Nonprofit Organization | An organization that operates for a collective, public or social benefit. | All small organizations are nonprofits, but not all nonprofits are small. |
| Large Organization | An organization that is dominant in its field and typically has significant revenue and resources. | Large organizations have a greater market presence compared to small organizations. |
If you are involved with a small organization, ensure compliance with relevant regulations and consider utilizing US Legal Forms for necessary documentation. If your situation is complex, seeking professional legal advice may be beneficial.
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A small organization is a not-for-profit that is independently owned and not dominant in its field.