Have you thought about starting a nonprofit or foundation and are not sure where to begin? Or, perhaps you're "stuck" trying to complete the confusing and complicated IRS paperwork.
If you answered "yes" to either of these questions, you'll want to view our presentation on the 7 Secrets to Starting a Nonprofit or Foundation.
This presentation will show you, step by step, what to do when applying for tax exempt status and what to expect once you have submitted your application. We'll also share the secrets we have learned about how to avoid excessive delays, (including the three things you must never do) and specifically what the IRS is looking for when evaluating nonprofit applications.
Fundraising from America: Setting up a US Non-profitAdam Davidson
New and updated for 2015.
Most American individuals, foundations & companies will only support charitable organizations outside the USA by making gifts and grants to a US non-profit known as a 501(c)(3). Setting up a 501(c)(3) is not a painful process but it is subject to a number of corporate and tax laws and regulations. We will be asking whether American fundraising is right for your organization whilst covering all the tax & legal issues involved through the setting up process.
Note: This information was not intended to be legal advice. It is advised that you consult your own legal expert in regard to your specific situation.
Having been an “early adopter” of the series LLC, we wanted to share some insights into where it is appropriate and (more to the point) inappropriate to use series organizations.
Our view is that the series company is a potentially complicated solution in search of a need that rarely exists.
Despite the apparent attractiveness of series organizations, on balance, there are usually more reasons to avoid them rather than to use them. This presentation will demonstrate a few.
Have you thought about starting a nonprofit or foundation and are not sure where to begin? Or, perhaps you're "stuck" trying to complete the confusing and complicated IRS paperwork.
If you answered "yes" to either of these questions, you'll want to view our presentation on the 7 Secrets to Starting a Nonprofit or Foundation.
This presentation will show you, step by step, what to do when applying for tax exempt status and what to expect once you have submitted your application. We'll also share the secrets we have learned about how to avoid excessive delays, (including the three things you must never do) and specifically what the IRS is looking for when evaluating nonprofit applications.
Fundraising from America: Setting up a US Non-profitAdam Davidson
New and updated for 2015.
Most American individuals, foundations & companies will only support charitable organizations outside the USA by making gifts and grants to a US non-profit known as a 501(c)(3). Setting up a 501(c)(3) is not a painful process but it is subject to a number of corporate and tax laws and regulations. We will be asking whether American fundraising is right for your organization whilst covering all the tax & legal issues involved through the setting up process.
Note: This information was not intended to be legal advice. It is advised that you consult your own legal expert in regard to your specific situation.
Having been an “early adopter” of the series LLC, we wanted to share some insights into where it is appropriate and (more to the point) inappropriate to use series organizations.
Our view is that the series company is a potentially complicated solution in search of a need that rarely exists.
Despite the apparent attractiveness of series organizations, on balance, there are usually more reasons to avoid them rather than to use them. This presentation will demonstrate a few.
In depth presentation on considerations for choosing the most beneficial entity for a particular business or financial situation - LLC, Sole Proprietorship, General Partnership, etc. Contact Goldin Peiser & Peiser, LLP for more information or visit www.gppcpa.com.
This is my chapter 3 for the Illinois Institute on Continuing Legal Education's LLC's and S Corporations text. It describes in detail the process for organizing an Illinois limited liability company, compares tax, liability, and control in LLC's to other entities, and provides information on tax and other elections available for new LLC's.
Nonprofit Reporting Requirements and Legal Issues (8/2010)NEOLawGroup
Unincorporated Nonprofit Associations and More: Presentation to NAMI-CA
On Thursday, August 26, Gene Takagi had the great pleasure of presenting a program on nonprofit legal issues as part of the Affiliate Leadership Institute of the National Alliance on Mental Illness - California. Gene covered the following areas:
Unincorporated Nonprofit Associations
Starting a Nonprofit Corporation
Pros and Cons of Incorporating an Unincorporated Nonprofit Association
501(c)(3)
Lobbying and Electioneering
Reporting Requirements
Governance
Fundraising
Unrelated Business Income Tax
Fiscal Sponsorship
Selecting a new business entity type used to be straightforward — the corporation or the LLC.
However, in today’s fast-changing business market states are authorizing new statutory entity types to meet specific needs of business owners. That’s great, because the more choices available, the better your chances of finding a good fit for business owners’ and investors’ needs. But now you have more entity types to consider. How do you choose?
In this in-depth seminar, you’ll get acquainted with new entity types that are gaining in popularity and ascertain the key considerations when researching what entity type is best for your organization or client.
Small and medium sized businesses are the engines which drive the North American economy. Increasingly, people go in to their own business. Often spouses and other family members are in business together. Because of mutual trust and sharing which exists at the start of these arrangements, spouses tend not to make agrements about what will happen if the marriage breaks down.
When spouses who are in business together divorce, there are also consequences for the business. Who will keep the business? What will the spouses be able to work together? How much is the business worth? Who should buy the business? How will a buyout be funded? These questions are just the tip of the iceberg.
In this PowerPoint slide presentation, we provide useful information about the legal problems confronting separating or divorcing couples who are in business together. By reviewing these slides you will gain important insights about the issues lawyers have to deal with in these situations. What law applies? What other kinds of experts do you need? What legal advice will you need to find a workable resolution? What evidence will you need if the case has to go to trial? What procedure must be followed? If you are in business with your spouse or life partner, the information in these slides provides a few pointers about Ontario law even if the relationship is continuing. Sometimes, a unanimous shareholders’ agreement or some strategic advice can help avoid expensive litigation down the road.
These slides were part of a presentation at a lawyers conference conducted by Osgoode Professional Development in Toronto on March 27, 2012. They are intended as information only and not legal advice.
The authors are experienced litigation and arbitration lawyers in Toronto, Ontario, Canada, who act on complex shareholder disputes, typically involving closely-held corporations.
Alliance Advisors Newsletter January 2012 (Debating Corporate Political Contr...Alliance Advisors
With a heated presidential election year underway, corporate political spending is expected to be a mainstay of 2012 shareholder campaigns. Following the 2010 Supreme Court decision in Citizens United v. Federal Election Commission, which lifted restrictions on political advocacy by corporations and unions, campaign finance has exploded, particularly through vehicles such as Super PACs and tax-exempt organizations which can raise and spend unlimited amounts of money on political advertising.
This article reviews the main types of political contribution proposals in the pipeline for 2012, along with investor and proxy advisor perspectives, ratings systems, and guidance to issuers.
This article is an excerpt of the Canada Chapter of International Liability of Corporate Directors, 2nd edition, published by Juris Publishing in February 2013. This excerpt excludes numerous aspects of the full chapter, particularly in reference to offering corporations, national corporate reporting, the supervisory role of the securities commissions, insider trading, prospectus violations, director loans and directors’ and officers’ liability insurance and indemnification of officers and directors. Further, some sections have been abridged. The full article should be consulted for the omitted aspects and for a more complete analysis of the applicable law. This article is not legal advice and is intended solely as information. Further information can be obtained from the authors.
In Canada, there is a large body of statutory and common law which provides guidance about the standards of conduct expected from directors and attaches personal liability for failing to meet those standards. Directors now owe expanded duties to shareholders, employees, creditors, and other stakeholders and are increasingly being held personally responsible for the corporation’s conduct. Liability attaches under the Canada Business Corporations Act (CBCA), and under provincial corporations acts, most of which are similar to the Ontario Business Corporations Act (OBCA). This article deals only with liabilities under business corporations.
Presentation on the impact of UBIT (unrelated business income tax) issues to nonprofit organizations and what they can do to handle these issues as they arise.
Register a limited liability partnership (llp) in indiaLegal Raasta
This is an easy guide from www.legalraasta.com on registering a limited liability partnership in India. This includes key steps such as obtaining DSC, DIN and Pan card
Everything you need to start generating income from home...we have. Let us help grow your business and secure your financial future.
http://www.achievegreatly.com/cp/24401
In depth presentation on considerations for choosing the most beneficial entity for a particular business or financial situation - LLC, Sole Proprietorship, General Partnership, etc. Contact Goldin Peiser & Peiser, LLP for more information or visit www.gppcpa.com.
This is my chapter 3 for the Illinois Institute on Continuing Legal Education's LLC's and S Corporations text. It describes in detail the process for organizing an Illinois limited liability company, compares tax, liability, and control in LLC's to other entities, and provides information on tax and other elections available for new LLC's.
Nonprofit Reporting Requirements and Legal Issues (8/2010)NEOLawGroup
Unincorporated Nonprofit Associations and More: Presentation to NAMI-CA
On Thursday, August 26, Gene Takagi had the great pleasure of presenting a program on nonprofit legal issues as part of the Affiliate Leadership Institute of the National Alliance on Mental Illness - California. Gene covered the following areas:
Unincorporated Nonprofit Associations
Starting a Nonprofit Corporation
Pros and Cons of Incorporating an Unincorporated Nonprofit Association
501(c)(3)
Lobbying and Electioneering
Reporting Requirements
Governance
Fundraising
Unrelated Business Income Tax
Fiscal Sponsorship
Selecting a new business entity type used to be straightforward — the corporation or the LLC.
However, in today’s fast-changing business market states are authorizing new statutory entity types to meet specific needs of business owners. That’s great, because the more choices available, the better your chances of finding a good fit for business owners’ and investors’ needs. But now you have more entity types to consider. How do you choose?
In this in-depth seminar, you’ll get acquainted with new entity types that are gaining in popularity and ascertain the key considerations when researching what entity type is best for your organization or client.
Small and medium sized businesses are the engines which drive the North American economy. Increasingly, people go in to their own business. Often spouses and other family members are in business together. Because of mutual trust and sharing which exists at the start of these arrangements, spouses tend not to make agrements about what will happen if the marriage breaks down.
When spouses who are in business together divorce, there are also consequences for the business. Who will keep the business? What will the spouses be able to work together? How much is the business worth? Who should buy the business? How will a buyout be funded? These questions are just the tip of the iceberg.
In this PowerPoint slide presentation, we provide useful information about the legal problems confronting separating or divorcing couples who are in business together. By reviewing these slides you will gain important insights about the issues lawyers have to deal with in these situations. What law applies? What other kinds of experts do you need? What legal advice will you need to find a workable resolution? What evidence will you need if the case has to go to trial? What procedure must be followed? If you are in business with your spouse or life partner, the information in these slides provides a few pointers about Ontario law even if the relationship is continuing. Sometimes, a unanimous shareholders’ agreement or some strategic advice can help avoid expensive litigation down the road.
These slides were part of a presentation at a lawyers conference conducted by Osgoode Professional Development in Toronto on March 27, 2012. They are intended as information only and not legal advice.
The authors are experienced litigation and arbitration lawyers in Toronto, Ontario, Canada, who act on complex shareholder disputes, typically involving closely-held corporations.
Alliance Advisors Newsletter January 2012 (Debating Corporate Political Contr...Alliance Advisors
With a heated presidential election year underway, corporate political spending is expected to be a mainstay of 2012 shareholder campaigns. Following the 2010 Supreme Court decision in Citizens United v. Federal Election Commission, which lifted restrictions on political advocacy by corporations and unions, campaign finance has exploded, particularly through vehicles such as Super PACs and tax-exempt organizations which can raise and spend unlimited amounts of money on political advertising.
This article reviews the main types of political contribution proposals in the pipeline for 2012, along with investor and proxy advisor perspectives, ratings systems, and guidance to issuers.
This article is an excerpt of the Canada Chapter of International Liability of Corporate Directors, 2nd edition, published by Juris Publishing in February 2013. This excerpt excludes numerous aspects of the full chapter, particularly in reference to offering corporations, national corporate reporting, the supervisory role of the securities commissions, insider trading, prospectus violations, director loans and directors’ and officers’ liability insurance and indemnification of officers and directors. Further, some sections have been abridged. The full article should be consulted for the omitted aspects and for a more complete analysis of the applicable law. This article is not legal advice and is intended solely as information. Further information can be obtained from the authors.
In Canada, there is a large body of statutory and common law which provides guidance about the standards of conduct expected from directors and attaches personal liability for failing to meet those standards. Directors now owe expanded duties to shareholders, employees, creditors, and other stakeholders and are increasingly being held personally responsible for the corporation’s conduct. Liability attaches under the Canada Business Corporations Act (CBCA), and under provincial corporations acts, most of which are similar to the Ontario Business Corporations Act (OBCA). This article deals only with liabilities under business corporations.
Presentation on the impact of UBIT (unrelated business income tax) issues to nonprofit organizations and what they can do to handle these issues as they arise.
Register a limited liability partnership (llp) in indiaLegal Raasta
This is an easy guide from www.legalraasta.com on registering a limited liability partnership in India. This includes key steps such as obtaining DSC, DIN and Pan card
Everything you need to start generating income from home...we have. Let us help grow your business and secure your financial future.
http://www.achievegreatly.com/cp/24401
Tom Tresser prepared this presentation for his "Civics 101" class at i c stars (www.icstars.org). Tom's work is at www.tresser.com and www.civiclab.us. tom@civiclab.us
A robust nonprofit social enterprise requires a diversified funding stream; this presentation addresses one of these sources of funding, income derived from sales.
501(c)(3) Organizations are classified into three categories that include private foundations and private operating foundations.
Public charity: These are what people think of as organisations that are active in their programs. Examples include benevolence and church organizations as well as animal welfare organizations and educational institutions, among others. They usually get a large part of their revenue either from people in general or the government.
https://www.lotuspetalusa.org/501c3-guide/
501(c)(3) Organizations are classified into three categories that include private foundations and private operating foundations.
Public charity: These are what people think of as organisations that are active in their programs. Examples include benevolence and church organizations as well as animal welfare organizations and educational institutions, among others. They usually get a large part of their revenue either from people in general or the government.
https://www.lotuspetalusa.org/501c3-guide/
Non Profit Formation - how to create a non-profit presented by Wayne Lippman CPA
Rules of the Game for Tax Exempt Non-Profits
Getting Into the Game: How to Obtain Tax Exempt Status
Playing Well with Others: Collaborating with Other Non-Profits and For-Profits
Presented by Wayne Lippman CPA.
Nonprofit Advocacy: Lobbying and Election-Related Activities for 501(c)(3)s4Good.org
Many nonprofits often desire certain legislative and public policy changes by our legislators and publicly elected officials to help further or achieve their charitable missions. Nonprofits, however, often avoid advocating for such changes because the IRS rules regarding nonprofit advocacy tend to be complex and commonly misunderstood. 501(c)(3) organizations in particular are often unsure or unaware of which advocacy activities are permissible and which advocacy activities may jeopardize their tax-exempt status. Additionally, nonprofit advocacy and compliance with IRS regulations is a common hot topic for other groups such as the media, public, and authorities, especially during election years. Given the increased attention and scrutiny to nonprofit lobbying and election-related activities that is to be expected this year, 501(c)(3) organizations would greatly benefit from becoming knowledgeable about nonprofit advocacy rules.
How has depreciation changed in your years of practice? Whether you have been in practice for 5 years or 40 years, the changes in the rules on depreciation have been staggering. Let’s walk down memory lane and see just where each of us gets lost in the Depreciation Maze.
23. Permitted Activities Activity 501(c)(3) 501(c)(6) PAC Member Services Yes Yes N/A Research Yes Yes N/A Education Yes Yes N/A Certification No Yes N/A Advocacy – Legislative Limited Yes Limited Advocacy - Candidate No Limited, taxed at 35% Yes, only interest income is taxed Advocacy – Public (not related to legislation or election of candidates) YES YES Limited
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34. The Public Support Test This Test is used to determine whether a charitable organization under Section 501(c)(3) is taxed as a public charity or a private foundation
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36. Section 170 Deduction Limit for Public Charity Type of Property Contributed Amount Deductible Percentage of AGI Limitation Cash Cost 50% Ordinary Income Property Cost 50% STCG Property Cost 50% LTCG Property Fair Market Value 30% LTCG Property, with election to use cost Cost 50% Tangible Property, unrelated use Cost 50%
37. Section 170 Deduction Limit for Private Foundation Type of Property Contributed Amount Deductible Percentage of AGI Limitation Cash Cost 30% Ordinary Income Property Cost 30% STCG Property Cost 30% LTCG Property Cost 20% LTCG Property (qualified appreciated stock – i.e., marketable securities) Fair Market Value 20% Tangible Property, unrelated use Cost 20%
38. Private Inurement If private inurement exists an organization will be subject to Intermediate Sanctions
50. The Unrelated Business Income Tax (UBIT) Exempt Organizations are subject to tax if they engage in activities outside of the exempt purpose
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Editor's Notes
This is the cover slide. This slide must always appear first, no edits can be made to it.
Use this slide for a two line headline with one author and a headshot to place.
Use this for a one line headline. Notice the “Chicago shot” header. This is the preferred version. A simpler alternate version may be used for the header if desired.
Maximum font size for headline & body is 24 pt.