by Seton_Tethos | Feb 26, 2013 | Uncategorized
Legal audits can be very helpful for charities. We just finished an audit for a celebrity client of ours. Your Legal Audit should consider the following important factors: (1) Board Governance & Formality Compliance (2) Employment Policies and Procedures (3)...
by Seton_Tethos | Jan 10, 2013 | Uncategorized
Guest post today courtesy of Deborah Sweeney, CEO of MyCorporation.com. Developing your dream 501(c)(3) nonprofit takes into consideration plenty of steps until it’s completed, starting with the incorporation process of preparing and filing your Articles of...
by Seton_Tethos | Dec 14, 2012 | Uncategorized
A donor potential may have a legitimate claim for breach of fiduciary duty and fraud against both the the organization and the individual members of the Board if a deduction taken by a donor were disallowed. In addition, even if the deduction were not disallowed, a...
by Seton_Tethos | Dec 12, 2012 | Uncategorized
The legal rules regarding UBIT are relatively important as the trend for “social enterprise” becomes more and more prevalent in both nonprofits and for profits. Due to the shrinking of governmental budgets, local, state and federal, funds are being...
by Seton_Tethos | Dec 12, 2012 | Uncategorized
As many practitioners know, beginning January 1, 2012, the State of California now recognizes the “benefit” and “flexible” corporation. While there are distinctions between the two and “general” corporation, they have a capital...
by Seton_Tethos | Dec 12, 2012 | Uncategorized
In May 2011, the IRS may good on its promise to “wipe out” the 501c3 charity status of approximately 275,000 charities for failing to file three consecutive years of returns. Many suspected and thought this was good as it would wipe out “small”...
A Step In The Right Direction For The Excise Tax
Y Combinator: Inspiring Social Enterprise