boss at nonprofit buys from a company he owns
This is a discussion on boss at nonprofit buys from a company he owns within the Other Nonprofit Law Issues forum, part of the NONPROFIT LAW & FUNDRAISING category; My boss a Texas nonprofit buys supplies from a company he owns and many people don't seem to know that ...
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Feb 13th, 2009, 03:26 PM
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#1 |
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boss at nonprofit buys from a company he owns
My boss a Texas nonprofit buys supplies from a company he owns and many people don't seem to know that here. Is that legal?
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Feb 13th, 2009, 03:48 PM
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#2 | |
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Veteran Member
 
Join Date: Jun 2008
Posts: 326
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Re: boss at nonprofit buys from a company he owns
Quote:
I am considering starting THE CHURCH OF NICKELS DIMES AND QUARTERS, the Charter is to convert these wayward coins into devout dollar bills that commune in my pocket. |
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Feb 13th, 2009, 03:50 PM
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#3 |
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Re: boss at nonprofit buys from a company he owns
LOL
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Feb 14th, 2009, 09:58 AM
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#4 |
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Join Date: Feb 2007
Posts: 782
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Re: boss at nonprofit buys from a company he owns
he needs to disclose that
the organization may still allow it if at arm's length and if others can also offer terms that may or may not be better normally however that is best to avoid as it raises all sorts of ethical and tax issues |
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