11 Must-Dos for Starting a Nonprofit
There’s a lot that goes into starting a nonprofit. Here’s 11 things to consider…because 10 is never enough!
Protecting Your Dream: Starting a Sole Member Nonprofit
Starting any type of business is a risky endeavor. Whether you’re starting a consulting firm, a food truck, or a nonprofit food pantry, entrepreneurs face unique risks. And given that nonprofits can’t have owners, many social entrepreneurs face an even…
Nonprofit Board of Directors Term Length: How Long is Too Long?
In a few weeks, your nonprofit is having its next board meeting. It just happens to be the annual meeting in which officers and directors are elected. You’re the founder and have been President and a board member since the…
Paying an Independent Contractor? Are You Sure?
This is a conversation our staff members have with clients at least 4 or 5 times per week: The issue of a nonprofit hiring and paying an independent contractor. What is fascinating is the degree of resistance we often get…
Death and Taxes: Understanding 501(c)(13) Cemetery Companies
…But in this world nothing can be said to be certain, except death and taxes. – Benjamin Franklin
How To Convert A Private Foundation To A Public Charity
So, you started a private foundation. But now that the IRS has approved your nonprofit as a foundation, you’re questioning whether or not that was the right idea. You’re thinking maybe you should have chosen public charity. Surely you can…
The Penalties for Failing to Register for Charitable Solicitations
One of the questions we are frequently asked when it comes to charitable solicitations or fundraising registration is the cost of non-compliance. What risk does an organization run if it fails to properly register in a state where it’s required?
What Nonprofits Need to Know About Cryptocurrency
It seems like a week doesn’t go by these days without a client or prospective client asking about cryptocurrency. Can my nonprofit accept donations of crypto? Can we invest in it? Let’s try and shed some light on this very…
Hiring a Board Member in a Private Foundation
We talk a lot around here about conflict of interest and the negative outcomes associated with insiders having financial entanglements with the organization. It gets a lot more dicey when the nonprofit is a private foundation. So how can a…
What Is A Registered Agent?
The position of Registered Agent is an essential part of the corporate landscape. Both for-profit and nonprofit corporations need one, but their role is often misunderstood. So, what is a Registered Agent, and why do you need one?