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Operating Agreement For Non Profit Corporation
"I need an Operating Agreement For Non Profit Corporation for a new educational foundation in Riyadh that will focus on youth development and digital literacy, with plans to establish three branches across Saudi Arabia by March 2025. The agreement should include provisions for multiple branch operations and technology-focused program activities."
1. Parties: Identification of the founding members and the non-profit corporation
2. Background: Context of the organization's formation and its charitable/non-profit purposes
3. Definitions: Key terms used throughout the agreement, including Arabic legal terms and their English equivalents
4. Formation and Purpose: Legal establishment details, mission statement, and charitable objectives in compliance with Saudi regulations
5. Shariah Compliance: Declaration and provisions ensuring compliance with Islamic law principles
6. Membership: Categories of membership, rights, responsibilities, and admission procedures
7. Board of Directors: Composition, qualifications, appointment process, terms, and responsibilities of the board
8. Management Structure: Executive positions, reporting lines, and management responsibilities
9. Meetings and Voting: Procedures for board and member meetings, voting requirements, and quorum rules
10. Financial Management: Budget procedures, financial controls, and reporting requirements
11. Regulatory Compliance: Compliance with Saudi government regulations, reporting obligations, and oversight requirements
12. Asset Management: Guidelines for managing organization's assets and restrictions on use of funds
13. Dissolution Procedures: Process for dissolution and distribution of assets in compliance with Saudi law
14. Amendment Procedures: Process for modifying the operating agreement
15. Governing Law: Explicit statement of Saudi law governance and Shariah compliance
1. International Operations: Required if the organization plans to operate or receive funding from outside Saudi Arabia
2. Subsidiary Organizations: Include if the non-profit plans to establish or manage other entities
3. Intellectual Property: Necessary if the organization will develop or use significant intellectual property
4. Endowment Management: Required if the organization will manage waqf (Islamic endowment) funds
5. Volunteer Management: Include if the organization will rely significantly on volunteer work
6. Branch Operations: Required if the organization plans to operate multiple branches within Saudi Arabia
7. Research Activities: Include if the organization will conduct research activities
8. Commercial Activities: Required if the organization will engage in permitted commercial activities to support its non-profit mission
1. Organization Structure Chart: Detailed organizational hierarchy and reporting relationships
2. Board Member Details: Initial board members' information and qualifications
3. Financial Procedures Manual: Detailed financial management and control procedures
4. Compliance Checklist: List of regulatory requirements and compliance procedures
5. Required Government Approvals: List of necessary permits and licenses
6. Conflict of Interest Policy: Detailed procedures for managing conflicts of interest
7. Internal Governance Policies: Detailed operational policies and procedures
8. Zakat and Tax Guidelines: Procedures for managing zakat obligations and maintaining tax-exempt status
Authors
Annual Budget
Articles of Association
Board of Directors
Bylaws
Chairman
Charitable Purpose
Civil Society Organizations Law
Compliance Officer
Conflict of Interest
Corporate Secretary
Effective Date
Executive Committee
Executive Director
Fiscal Year
Founding Members
Governing Law
Internal Policies
Islamic Calendar Year (Hijri)
Member
Ministry
National Center for Non-Profit Sector
Non-Profit Corporation
Officers
Operating Jurisdiction
Organization
Permanent Establishment
Program Activities
Quorum
Registered Office
Regular Meeting
Regulatory Authority
Related Party
Resolution
SAR (Saudi Arabian Riyal)
Shariah
Shariah Advisory Committee
Special Meeting
Special Resolution
Stakeholders
Standing Committees
Strategic Plan
Subsidiary
Supermajority
Term of Office
Voting Rights
Waqf
Zakat
Shariah Compliance
Regulatory Compliance
Membership
Governance Structure
Board Composition
Voting Rights
Meeting Procedures
Decision Making
Financial Management
Asset Management
Conflict of Interest
Confidentiality
Charitable Activities
Program Operations
Risk Management
Internal Controls
Reporting Requirements
Document Retention
Intellectual Property
Employment Matters
Volunteer Management
Fundraising
Investment Policy
Zakat Obligations
Tax Compliance
Insurance
Indemnification
Dispute Resolution
Amendment Procedures
Dissolution
Force Majeure
Notices
Severability
Entire Agreement
Governing Law
Jurisdiction
Charitable Organizations
Education
Healthcare
Social Services
Religious Organizations
Cultural Preservation
Environmental Conservation
Community Development
Humanitarian Aid
Research and Development
Sports and Recreation
Arts and Culture
Youth Development
Women's Empowerment
Disability Services
Legal
Compliance
Finance
Operations
Board Secretariat
Risk Management
Corporate Governance
Internal Audit
Strategy
Programs Management
Administrative Affairs
Shariah Advisory
Chief Executive Officer
Executive Director
Board Chairman
Board Member
Legal Counsel
Compliance Officer
Financial Controller
Program Director
Operations Manager
Corporate Secretary
Risk Manager
Governance Officer
Audit Committee Member
Treasurer
Head of Strategy
Shariah Advisor
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