Beneficial Ownership Information: Federal Reporting Requirements for Businesses & Nonprofits What Is Beneficial Ownership Information Reporting? Beneficial Ownership Information (BOI) [...]
Businesses and nonprofits in California have been scrambling to understand their obligations toward independent contractors since the state’s Supreme Court delivered its opinion in the Dynamex [...]
When debts begin to spiral out of control, bankruptcy offers an avenue for an organization to take a degree of control over how it resolves the problem. Like churches, 501(c)(4) social welfare [...]
As a nonprofit gets off the ground, it quite often happens that its leaders are hesitant to take steps to organize the nonprofit as a legal entity because doing so could disrupt the interpersonal [...]
Internal controls are a familiar emphasis for professionals working in the world of publicly traded companies. Regulations from laws like the Sarbanes-Oxley Act (SOX) require public companies to [...]
A merger of two organizations is a complicated process, involving changes at every level. Nonprofits sometimes choose to merge to improve efficiencies, expand access to fundraising sources, or [...]
From time to time nonprofits need to cut ties with an executive level employee. Although the hope is always that employees will keep the best interests of the organization in mind at all times, [...]
Speculation about when the next recession will hit has become a cottage industry in the media. No one can say for sure when the next financial downturn will come, but veterans of the nonprofit [...]
For a variety of reasons, most directors of nonprofits do their work on a voluntary basis. As a volunteer, a nonprofit’s director can set an example for the community by donating time and energy [...]
The resignation of nonprofit’s executive director can be an opportunity to bring fresh insights and talents to the organization’s leadership team. At the same time, an organization that is [...]