Managerial Aspect

We as business owners, management and or in a role of authority must set, address and comply with a solid foundation of ethics. “A code of conduct is the single most important element of your ethics and compliance program. It sets the tone and direction for the entire function. Often, the code is a standalone document, ideally only a few pages in length. It introduces the concept of ethics and compliance and provides an overview of what you mean when you talk about ethical business conduct.”

The Laws under Minnesota state that the non profit consortium has to be governed by a group of individuals whom are the board of directors

Having organizational structure also entails having what is called an organization chart. An organization chart is a diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs. Sherill believes you need an organization chart so that you are aware of who to report to. Where Sherill is currently employed, has not had anything set up this way in a few years. People are not sure who they are to report to and often report to whoever they feel like. She has seen a few employees leave the company for other jobs because they felt that their job lacked structure and it was difficult for them to work in a place like that.

Finally, organizational charts display the structure of the Accounting, Finance and the Human Resources functional areas of Atha Corporation.

1. Discuss the market system and the need for ethics in business and distinguish it from the law and concepts of virtue and morality.

Every type of company or organization that exists operates with a certain organizational structure. However, the organizational structure is tailored to best meet the needs and services of the company. Organizational structures are used as a means of communicating how business will take place within an organization. The structure of an organization is important to the main areas that make an organization function effectively. Organization functions and designs determine the organizational structure. Memphis City Schools has a horizontal organizational structure. Although a horizontal structure exists as the overall structure at the executive level, a vertical structure is also in place at the management/staff level.

While the terms nonprofit and not-for-profit are viewed by many as synonymous terms, they are differentiated as follows. Nonprofit Organizations (Non-Profit Organizations) operate very much like commercial businesses but do not seek a profit. Non-Profit Organizations include charities, private schools, and research organizations. Non-Profit Organizations do not pay taxes; donations to many are tax-deductible, usually up to a certain dollar limit. To be considered for Non-Profit Status, however, a nonprofit must register with the IRS, under section 501(c) of the federal Internal Revenue Code. Not-for-profit organizations (NFPOs), on the other hand, pay taxes and may earn a profit, but unlike dividends, those profits are not distributed to its owners or members (distribution principle). NFPOs include private clubs, sports organizations, political organizations, and advocacy groups. Contributions to not-for-profits are not tax deductible. While this research guide focuses on Non-Profit Organizations, it will cover issues in the entire nonprofit

However, non-profits must follow additional steps to apply for tax-exempt status with the IRS and their state’s tax department. First, they must choose an available and appropriate business name that meets their state’s legal requirements. Next, they must file the articles of incorporation, pay a filing fee and apply for federal and state tax exemptions. Then, they will establish their corporate bylaws, which will spell out the operating rules, and appoint the organization’s directors. Certain states require non-profits to choose the directors before filing the articles of

Earlier this year we received a determination letter from the IRS that awarded our organization 501(c)(3) status. This milestone was the beginning of extensive research into State and Federal legal implications. We researched the registration requirements for each

There are four different forms of business organizations as outlined in our text (Cleverley, Song, Cleverley, 2011, pp. 8-10). The first form is the Not-For-Profit (NFP) Business-Oriented. These type business organizations are community owned as opposed to investor owned. They are exempt from federal income and property taxes. The goal for this type business organization is to strive provide community benefits such as healthcare at low to no cost. There are both advantages and disadvantages associated. The advantage is the tax exemptions and the disadvantage is

If you’ll have more than 10 employees, create an organizational chart showing the management hierarchy and who is responsible for key functions.

Thorough explanations of articles of incorporation showing detail format precisely how the non-profit is legally to be operated – showing term limits for board members and clearly having a conflict of interest policy in place prior to any member joining the board. The board shall have awareness of laws and regulations regarding fundraising, financial accountability, and lobbying and political advocacy and human resources.

The organization structure is a framework of roles, responsibilities, authority and communication relationships that are deliberately designed to accomplish an organization’s tasks and achieve its objectives. A lack of organizational structure means that developmental projects and administrative responsibilities are often neglected.

Organizational structure is a formal relationship between management and the employees. It is a way to motivate the employees and get them to working. It is also away to get employees to follow the company goals, and work together as a team. To make an organization work they need to have an organized structure to be able to run the company. The mission

“Every structure should be built to support its work load” This statement supports the use of the organizational chart within the work place, can you begin to imagine the confusion that would exist without it? In a company organizing, is to arrange or to position resources strategically in order to achieve goals. It is imperative for a company to function efficiently, under the use of an organizational structure. An organizational structure provides balance in the work environment and monitors the workflow of all employees. It also provides growth in the organization, in terms of new employment and other major achievements. A company that exist without practicing organizational structure would cause a lot of confusion and chaos as it relates