You Can Entrust
With Your Business
When people think of tax-exempt organizations, the 501(c)(3) charity usually comes to mind first. But Section 501(c) of the Internal Revenue Code recognizes more than two dozen categories of exempt organizations, and one of the oldest is the fraternal beneficiary...
Most people equate “tax-exempt” with the 501(c)(3) charity. But Section 501(c) of the Internal Revenue Code recognizes more than two dozen distinct categories of exempt organizations, each with its own purpose and rules. In earlier posts, we examined the 501(c)(3)...
When business owners think about nonprofit tax exemption, the 501(c)(3) charitable designation often comes to mind first. However, organizations formed to promote the shared business interests of their members—such as trade associations, chambers of commerce, real...
You work hard to build a nonprofit that serves a clear purpose. You want donors, volunteers and the community to trust your mission. Conflicts of interest can threaten that trust and lead to trouble with your tax‑exempt status. Understanding how conflicts of interest...
Have you decided to form a business and become a successful entrepreneur? Congratulations, but do not let your enthusiasm distract you from the many crucial decisions awaiting your attention. One of the most vital is choosing a legal structure for your new company....
If you’re starting a new business, one of the first things you’ll need to do is bring on at least a few core people to get things up and running. That means having them sign employment agreements. These are crucial to laying out your expectations and requirements of...
One of the major benefits of running a non-profit is that it may qualify for tax-exempt status. Employees still have to pay taxes on their wages, but the business itself will not have to provide income tax payments for money – or other assets – that have been...