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
Gene Takagi had the pleasure of guest lecturing for an MBA class on nonprofit management. His thanks to Professor Michael O'Neill for the invitation and to the students at USF.
This document outlines different business entities and bankruptcy topics. It discusses factors for forming business entities such as liability, organization structure, and formation formalities. Non-corporate entities include sole proprietorships, general partnerships, and limited partnerships. Corporate entities provide liability protection for owners but have more complex formation requirements. Limited liability entities like LLCs and LLPs provide protection while maintaining tax benefits of a partnership. The document also summarizes different types of credit (secured and unsecured), and different chapters of bankruptcy including Chapter 7 individual liquidation and Chapter 11 business reorganization.
This document outlines different business entities and bankruptcy topics. It discusses factors for forming business entities such as liability, structure, and formalities. Non-corporate entities include sole proprietorships, general partnerships, and limited partnerships. Corporate entities provide liability protection for owners but have more complex formation requirements. Limited liability entities like LLCs and LLPs provide protection while maintaining tax benefits of a partnership. The document also summarizes different types of credit (secured and unsecured) and different chapters of bankruptcy including Chapter 7, 9, 11, 12, 13, and 15.
The webinar discusses the key factors to consider when choosing a business entity, including various types of entities like C corporations, S corporations, LLCs, partnerships, and sole proprietorships. It covers differences in liability, ownership restrictions, taxation of income, employment taxes, deductibility of fringe benefits, and implications of distributions and sales. The webinar analyzes these considerations and pros and cons for each entity type to help business owners determine the most suitable structure. It also reviews procedures for changing entity forms.
The document discusses several topics related to securities law compliance for public companies:
1) It examines the interaction between state corporate law standards of fiduciary duty and evolving federal securities laws. Federal laws have expanded the board's role from advisory to include oversight of legal and regulatory compliance.
2) It describes the various sources that govern corporate governance, including federal securities laws, stock exchange listing standards, and evolving "best practices". Independence of board members is a key requirement.
3) It discusses requirements for audit committees, financial disclosures, and internal corporate policies to comply with securities regulations. Boards must oversee compliance as part of their fiduciary duty of care. Maintaining independence and seeking outside advice can help boards
Introduction to Business Entities in Pakistanhamidjalal
The document provides a brief description of Legal Entities that could be incorporated in Pakistan to start a business and the merits and demirits of using each entity as a launch pad
The first seminar of a four-part series on growing a business and preparing it for sale led by the co-chair of Kegler Brown's M+A practice, Eric Duffee. Eric partnered with Jeff Tubaugh and Maggie Gilmore of BDO for this presentation, which focused on the fundamentals of entity selection. It detailed different entity types and the related impacts from tax reform affecting them. It also discussed concerns related to outside investors, partnerships, various structural forms and the tax impact of each.
Gene Takagi had the pleasure of guest lecturing for an MBA class on nonprofit management. His thanks to Professor Michael O'Neill for the invitation and to the students at USF.
This document outlines different business entities and bankruptcy topics. It discusses factors for forming business entities such as liability, organization structure, and formation formalities. Non-corporate entities include sole proprietorships, general partnerships, and limited partnerships. Corporate entities provide liability protection for owners but have more complex formation requirements. Limited liability entities like LLCs and LLPs provide protection while maintaining tax benefits of a partnership. The document also summarizes different types of credit (secured and unsecured), and different chapters of bankruptcy including Chapter 7 individual liquidation and Chapter 11 business reorganization.
This document outlines different business entities and bankruptcy topics. It discusses factors for forming business entities such as liability, structure, and formalities. Non-corporate entities include sole proprietorships, general partnerships, and limited partnerships. Corporate entities provide liability protection for owners but have more complex formation requirements. Limited liability entities like LLCs and LLPs provide protection while maintaining tax benefits of a partnership. The document also summarizes different types of credit (secured and unsecured) and different chapters of bankruptcy including Chapter 7, 9, 11, 12, 13, and 15.
The webinar discusses the key factors to consider when choosing a business entity, including various types of entities like C corporations, S corporations, LLCs, partnerships, and sole proprietorships. It covers differences in liability, ownership restrictions, taxation of income, employment taxes, deductibility of fringe benefits, and implications of distributions and sales. The webinar analyzes these considerations and pros and cons for each entity type to help business owners determine the most suitable structure. It also reviews procedures for changing entity forms.
The document discusses several topics related to securities law compliance for public companies:
1) It examines the interaction between state corporate law standards of fiduciary duty and evolving federal securities laws. Federal laws have expanded the board's role from advisory to include oversight of legal and regulatory compliance.
2) It describes the various sources that govern corporate governance, including federal securities laws, stock exchange listing standards, and evolving "best practices". Independence of board members is a key requirement.
3) It discusses requirements for audit committees, financial disclosures, and internal corporate policies to comply with securities regulations. Boards must oversee compliance as part of their fiduciary duty of care. Maintaining independence and seeking outside advice can help boards
Introduction to Business Entities in Pakistanhamidjalal
The document provides a brief description of Legal Entities that could be incorporated in Pakistan to start a business and the merits and demirits of using each entity as a launch pad
The first seminar of a four-part series on growing a business and preparing it for sale led by the co-chair of Kegler Brown's M+A practice, Eric Duffee. Eric partnered with Jeff Tubaugh and Maggie Gilmore of BDO for this presentation, which focused on the fundamentals of entity selection. It detailed different entity types and the related impacts from tax reform affecting them. It also discussed concerns related to outside investors, partnerships, various structural forms and the tax impact of each.
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.
Corporations, Module III: Entrepreneurship, Lesson 1: Organizational ChoicesDuquesne University
When planning a new business, the first legal choice usually is "which entity to form?" There are many choices these days, but let's focus on the Top 4: General Partnerships, Limited Partnerships, Corporations, and Limited Liability Companies.
- The document discusses legal structures for organizations like development trusts, including options like companies limited by guarantee, industrial and provident societies, charitable status, and community interest companies.
- It provides an overview of key factors to consider when choosing a structure, such as objectives, activities, trading needs, and funding requirements.
- Examples are given of more complex structures like joint ventures between organizations and setting up separate entities for activities like renewable energy.
The document summarizes changes to charity and company law in Northern Ireland, including the establishment of a Charity Commission and new requirements for charities and charitable companies. Key points include:
- A new Charities Bill will establish a Charity Commission to regulate charities with increased oversight powers over trustees and financial reporting requirements.
- The Bill expands the list of recognized charitable purposes and introduces a public benefit test.
- Charitable companies will face additional regulation and reporting duties in line with the new Companies Act of 2006.
- Trustees and directors will have new codified duties to promote their organization's success and avoid conflicts of interest.
The document discusses different types of business entities including sole proprietorships, partnerships, S corporations, and C corporations. It notes key factors to consider when choosing a business entity such as line of business, number of owners/investors, control and management structure, use of employees or contractors, financing needs, tax implications, and liability issues. The types of business entities vary in their requirements for formation, ownership structure, liability, management and control, taxation, and other attributes.
Corporations, Module III: Entrepreneurship, Lesson 1: Organizational ChoicesDuquesne University
The first step in business planning for lawyers is often deciding which legal entity to form. Common choices include partnerships, corporations, and limited liability companies. Sole proprietorships, professional corporations, and limited liability partnerships also play a role in this "alphabet soup" of organizational choices.
This document provides an overview and exhibits about selecting an entity form for a new business from the perspectives of tax and non-tax differences. It compares key aspects of C corporations, S corporations, and general partnerships. The exhibits include tables that outline differences in areas like exposure of owners, continuity of ownership, rights of owners, raising equity/debt capital, tax rates, accounting methods, and eligibility requirements.
The document discusses key legal issues for business start-ups presented by Jim Chester of Chester/Associates law firm. It identifies four topics for start-ups to address: legal restrictions and permits; entity type selection such as LLC or corporation; intellectual property protection through trademarks, copyrights and patents; and developing basic legal documents including contracts and agreements. Failure to adequately address these legal issues early can cause significant problems for new businesses later.
Top tax issues for startup companies (10 3-16 revision)Roger Royse
The document discusses tax issues related to startup companies. It begins by covering the choice of entity for a startup, comparing an LLC, S corporation, and C corporation. It discusses factors such as taxation at the entity level, eligibility requirements for owners, taxation of stock options, and double taxation for C corporations. The document then covers specific issues related to Section 305 of the tax code and how it applies to common scenarios for startups, such as convertible preferred stock and accrual of dividends. It also discusses the tax treatment of different types of stock rights for startups.
The document discusses key considerations for choosing a legal structure for a business, including entity types like sole proprietorships, partnerships, private limited companies, one person companies, and LLPs. It covers factors to evaluate like flexibility, control, capital requirements, taxes, and complexity. The importance of legal contracts like founders agreements, shareholders agreements, and employment agreements is emphasized. Fundamental rules for company incorporation, employment agreements, and founders agreements are outlined.
The document provides an overview of different business structures including sole proprietorships, partnerships, corporations, S-corporations, and limited liability companies. It discusses the key characteristics of each structure such as taxation, liability, and control. The document aims to help business owners choose the right structure for their needs and business by comparing the advantages and disadvantages of each option.
1. There are several important steps to starting a nonprofit beyond just filing the IRS Form 1023, including incorporating as a nonprofit in your state, drafting bylaws and articles of incorporation, obtaining licenses and permits, and opening a bank account.
2. Filing IRS Form 1023, the Application for Recognition of Exemption, is required to achieve 501(c)(3) tax-exempt status, though starting a nonprofit through fiscal sponsorship provides a simpler alternative without needing to file the form.
3. Drafting bylaws and articles of incorporation are critical legal documents that establish the structure and governance of
This document provides an overview of key legal aspects of starting and running a small business. It discusses the main types of legal entities (sole proprietorship, partnership, corporation, LLC), licensing and permitting requirements at the state and federal level, important tax obligations, sources of financing, basic employment law principles, and how to develop contracts. The document emphasizes that business owners should consult with an accountant to ensure compliance with tax and financial regulations.
From the point of choosing the appropriate business structure to the scope and extent of necessary contracts, there are numerous legal issues to address when starting a company. While certain legal issues may even bring a start-up to a grinding halt if neglected, there are many others that are possible to be handled with ease, provided you have the right information to make timely decisions. Given their importance across sectors, the following issues and details will be covered in “Legal For Startups”.
• Legal Aspects for Starting Up:
• Contractual safeguards:
• Employees and workplace regulations:
• Data Protection
The LLP provides limited liability for members similar to a CLG, but members remain liable for their own actions. Each member's liability is limited to their agreed contribution. Unlike a company, the LLP's income is taxed as the direct income of members according to their profit shares. The LLP allows parties to contribute unequal capital amounts and in different forms, taking into account different contributions through profit shares.
Business Entities: classify, understand, choose, and manage.Berkman Solutions
Business entities are essential for starting, managing, and growing your business. This guides to business entities covers every major type, core concepts, criteria for choosing an entity, and legal entity management.
“Business entity” is a generic term with no legal significance per se. A business entity simply refers to the form of incorporation for a business. When a business incorporates, the law recognizes the business as a distinct entity which can enter contracts and acquire property among other rights and privileges.
There are, of course, some exceptions like sole proprietorships and general partnerships, which do not require incorporation. They also do not have the same right and privileges as incorporated legal entities.
There are four broad groups of business entities: limited liability companies, corporations, partnerships, and sole proprietorships. There are important flavors of each class of business entity.
Gray's Summary of the Foreign Corrupt Practices Act.
Gray International (Gray) is an international network of public accounting and consulting firms based in the U.S., Hong Kong, China and Europe. Gray was started over 10 years ago in the U.S. (via its predecessor) and took the form of Gray International in 2013 as the result of the networking of multiple independent practices and professionals.
Gray provides international accounting and compliance solutions in the U.S., Americas, Asia and Europe. Gray focuses on U.S. accounting, tax, and governmental compliance for multinational companies, investors, U.S. persons living overseas and foreign investors and companies investing in or moving to the U.S.
Gray also consults on compliance with U.S. laws for businesses and financial institutions overseas such as the Foreign Corrupt Practices Act (FCPA) and the Foreign Account Tax Compliance Act (FATCA), the IRS Offshore Voluntary Disclosure Program, and the Program for Non-Prosecution Agreements or Non-Target letters for Swiss Banks.
Grays principals, partners, and employees have served clients worldwide. Gray has offices in Geneva, Hong Kong, Seattle, Shanghai and plans to open an office in Singapore in late 2013.
Grays U.S. public accounting firm (Gray CPA, PC) is registered with the U.S. Public Company Accounting Oversight Board and is a member of the American Institute of Certified Public Accountants and the Center for Audit Quality.
For more information about us, please visit us at:
www.grayintl.com
This document provides exhibits summarizing various exclusions from gross income under Chapter 5 of the CCH Federal Taxation Basic Principles textbook. The exhibits cover topics such as Social Security benefits, interest on U.S. savings bonds, fringe benefits, group life insurance, annuities, damage awards, cafeteria plans, adoption assistance, tuition reduction plans, and dependent care assistance programs. The exhibits include definitions, examples, thresholds, and calculations for determining the tax treatment of these various income items.
The document discusses the debate around taxing carried interest at ordinary income tax rates versus capital gains tax rates. Currently, carried interest is taxed as capital gains. Proponents of change argue this is unfair, as fund managers provide services, and their income should be taxed like other service providers at higher ordinary rates. However, opponents note that fund managers also take on investment risk like other investors. The document outlines the various perspectives in the debate and considers alternative proposals but does not take a definitive position.
Advantages and Disadvantages of Incorporating as a Not-for-profitPrendy
This document discusses the advantages and disadvantages of incorporating as a not-for-profit organization. It provides an overview of key topics related to not-for-profit status under tax law, maintaining tax-exempt status, and the differences between charities and not-for-profit organizations. The document also examines the benefits of incorporation such as limited liability, as well as potential disadvantages like increased compliance requirements and liability risks for directors and officers. It outlines the process for incorporating as a not-for-profit in Canada.
This document discusses non-profit companies registered under Section 8 of the Indian Companies Act. It defines a Section 8 company as a non-profit organization registered to promote arts, science, commerce, sports, education, research, social welfare, religion, or other charitable purposes. Key features mentioned include limited liability status, exemption from minimum capital requirements, and tax deductions for donors. The document outlines the steps for registering a Section 8 company, including minimum director and shareholder requirements, name approval, memorandum and articles of association filing, and registration fees. It also discusses grounds for revoking a Section 8 company's charter and associated penalties.
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.
Corporations, Module III: Entrepreneurship, Lesson 1: Organizational ChoicesDuquesne University
When planning a new business, the first legal choice usually is "which entity to form?" There are many choices these days, but let's focus on the Top 4: General Partnerships, Limited Partnerships, Corporations, and Limited Liability Companies.
- The document discusses legal structures for organizations like development trusts, including options like companies limited by guarantee, industrial and provident societies, charitable status, and community interest companies.
- It provides an overview of key factors to consider when choosing a structure, such as objectives, activities, trading needs, and funding requirements.
- Examples are given of more complex structures like joint ventures between organizations and setting up separate entities for activities like renewable energy.
The document summarizes changes to charity and company law in Northern Ireland, including the establishment of a Charity Commission and new requirements for charities and charitable companies. Key points include:
- A new Charities Bill will establish a Charity Commission to regulate charities with increased oversight powers over trustees and financial reporting requirements.
- The Bill expands the list of recognized charitable purposes and introduces a public benefit test.
- Charitable companies will face additional regulation and reporting duties in line with the new Companies Act of 2006.
- Trustees and directors will have new codified duties to promote their organization's success and avoid conflicts of interest.
The document discusses different types of business entities including sole proprietorships, partnerships, S corporations, and C corporations. It notes key factors to consider when choosing a business entity such as line of business, number of owners/investors, control and management structure, use of employees or contractors, financing needs, tax implications, and liability issues. The types of business entities vary in their requirements for formation, ownership structure, liability, management and control, taxation, and other attributes.
Corporations, Module III: Entrepreneurship, Lesson 1: Organizational ChoicesDuquesne University
The first step in business planning for lawyers is often deciding which legal entity to form. Common choices include partnerships, corporations, and limited liability companies. Sole proprietorships, professional corporations, and limited liability partnerships also play a role in this "alphabet soup" of organizational choices.
This document provides an overview and exhibits about selecting an entity form for a new business from the perspectives of tax and non-tax differences. It compares key aspects of C corporations, S corporations, and general partnerships. The exhibits include tables that outline differences in areas like exposure of owners, continuity of ownership, rights of owners, raising equity/debt capital, tax rates, accounting methods, and eligibility requirements.
The document discusses key legal issues for business start-ups presented by Jim Chester of Chester/Associates law firm. It identifies four topics for start-ups to address: legal restrictions and permits; entity type selection such as LLC or corporation; intellectual property protection through trademarks, copyrights and patents; and developing basic legal documents including contracts and agreements. Failure to adequately address these legal issues early can cause significant problems for new businesses later.
Top tax issues for startup companies (10 3-16 revision)Roger Royse
The document discusses tax issues related to startup companies. It begins by covering the choice of entity for a startup, comparing an LLC, S corporation, and C corporation. It discusses factors such as taxation at the entity level, eligibility requirements for owners, taxation of stock options, and double taxation for C corporations. The document then covers specific issues related to Section 305 of the tax code and how it applies to common scenarios for startups, such as convertible preferred stock and accrual of dividends. It also discusses the tax treatment of different types of stock rights for startups.
The document discusses key considerations for choosing a legal structure for a business, including entity types like sole proprietorships, partnerships, private limited companies, one person companies, and LLPs. It covers factors to evaluate like flexibility, control, capital requirements, taxes, and complexity. The importance of legal contracts like founders agreements, shareholders agreements, and employment agreements is emphasized. Fundamental rules for company incorporation, employment agreements, and founders agreements are outlined.
The document provides an overview of different business structures including sole proprietorships, partnerships, corporations, S-corporations, and limited liability companies. It discusses the key characteristics of each structure such as taxation, liability, and control. The document aims to help business owners choose the right structure for their needs and business by comparing the advantages and disadvantages of each option.
1. There are several important steps to starting a nonprofit beyond just filing the IRS Form 1023, including incorporating as a nonprofit in your state, drafting bylaws and articles of incorporation, obtaining licenses and permits, and opening a bank account.
2. Filing IRS Form 1023, the Application for Recognition of Exemption, is required to achieve 501(c)(3) tax-exempt status, though starting a nonprofit through fiscal sponsorship provides a simpler alternative without needing to file the form.
3. Drafting bylaws and articles of incorporation are critical legal documents that establish the structure and governance of
This document provides an overview of key legal aspects of starting and running a small business. It discusses the main types of legal entities (sole proprietorship, partnership, corporation, LLC), licensing and permitting requirements at the state and federal level, important tax obligations, sources of financing, basic employment law principles, and how to develop contracts. The document emphasizes that business owners should consult with an accountant to ensure compliance with tax and financial regulations.
From the point of choosing the appropriate business structure to the scope and extent of necessary contracts, there are numerous legal issues to address when starting a company. While certain legal issues may even bring a start-up to a grinding halt if neglected, there are many others that are possible to be handled with ease, provided you have the right information to make timely decisions. Given their importance across sectors, the following issues and details will be covered in “Legal For Startups”.
• Legal Aspects for Starting Up:
• Contractual safeguards:
• Employees and workplace regulations:
• Data Protection
The LLP provides limited liability for members similar to a CLG, but members remain liable for their own actions. Each member's liability is limited to their agreed contribution. Unlike a company, the LLP's income is taxed as the direct income of members according to their profit shares. The LLP allows parties to contribute unequal capital amounts and in different forms, taking into account different contributions through profit shares.
Business Entities: classify, understand, choose, and manage.Berkman Solutions
Business entities are essential for starting, managing, and growing your business. This guides to business entities covers every major type, core concepts, criteria for choosing an entity, and legal entity management.
“Business entity” is a generic term with no legal significance per se. A business entity simply refers to the form of incorporation for a business. When a business incorporates, the law recognizes the business as a distinct entity which can enter contracts and acquire property among other rights and privileges.
There are, of course, some exceptions like sole proprietorships and general partnerships, which do not require incorporation. They also do not have the same right and privileges as incorporated legal entities.
There are four broad groups of business entities: limited liability companies, corporations, partnerships, and sole proprietorships. There are important flavors of each class of business entity.
Gray's Summary of the Foreign Corrupt Practices Act.
Gray International (Gray) is an international network of public accounting and consulting firms based in the U.S., Hong Kong, China and Europe. Gray was started over 10 years ago in the U.S. (via its predecessor) and took the form of Gray International in 2013 as the result of the networking of multiple independent practices and professionals.
Gray provides international accounting and compliance solutions in the U.S., Americas, Asia and Europe. Gray focuses on U.S. accounting, tax, and governmental compliance for multinational companies, investors, U.S. persons living overseas and foreign investors and companies investing in or moving to the U.S.
Gray also consults on compliance with U.S. laws for businesses and financial institutions overseas such as the Foreign Corrupt Practices Act (FCPA) and the Foreign Account Tax Compliance Act (FATCA), the IRS Offshore Voluntary Disclosure Program, and the Program for Non-Prosecution Agreements or Non-Target letters for Swiss Banks.
Grays principals, partners, and employees have served clients worldwide. Gray has offices in Geneva, Hong Kong, Seattle, Shanghai and plans to open an office in Singapore in late 2013.
Grays U.S. public accounting firm (Gray CPA, PC) is registered with the U.S. Public Company Accounting Oversight Board and is a member of the American Institute of Certified Public Accountants and the Center for Audit Quality.
For more information about us, please visit us at:
www.grayintl.com
This document provides exhibits summarizing various exclusions from gross income under Chapter 5 of the CCH Federal Taxation Basic Principles textbook. The exhibits cover topics such as Social Security benefits, interest on U.S. savings bonds, fringe benefits, group life insurance, annuities, damage awards, cafeteria plans, adoption assistance, tuition reduction plans, and dependent care assistance programs. The exhibits include definitions, examples, thresholds, and calculations for determining the tax treatment of these various income items.
The document discusses the debate around taxing carried interest at ordinary income tax rates versus capital gains tax rates. Currently, carried interest is taxed as capital gains. Proponents of change argue this is unfair, as fund managers provide services, and their income should be taxed like other service providers at higher ordinary rates. However, opponents note that fund managers also take on investment risk like other investors. The document outlines the various perspectives in the debate and considers alternative proposals but does not take a definitive position.
Advantages and Disadvantages of Incorporating as a Not-for-profitPrendy
This document discusses the advantages and disadvantages of incorporating as a not-for-profit organization. It provides an overview of key topics related to not-for-profit status under tax law, maintaining tax-exempt status, and the differences between charities and not-for-profit organizations. The document also examines the benefits of incorporation such as limited liability, as well as potential disadvantages like increased compliance requirements and liability risks for directors and officers. It outlines the process for incorporating as a not-for-profit in Canada.
This document discusses non-profit companies registered under Section 8 of the Indian Companies Act. It defines a Section 8 company as a non-profit organization registered to promote arts, science, commerce, sports, education, research, social welfare, religion, or other charitable purposes. Key features mentioned include limited liability status, exemption from minimum capital requirements, and tax deductions for donors. The document outlines the steps for registering a Section 8 company, including minimum director and shareholder requirements, name approval, memorandum and articles of association filing, and registration fees. It also discusses grounds for revoking a Section 8 company's charter and associated penalties.
This document discusses several key issues related to corporate governance for nonprofit organizations. It covers topics like tax exempt status, regulations from various oversight bodies, restrictions on activities for 501(c)(3) nonprofits, fiduciary duties of board members, conflicts of interest, and fundraising compliance. Proper governance is important for nonprofits to maintain their tax exempt status and fulfill their missions in accordance with applicable laws and regulations.
The revised corporation code of the Philippines took effect on February 23, 2019 following its publication in local newspapers. It provides the legal framework for the formation, governance and dissolution of corporations in the Philippines. The code defines the different types of corporations and outlines the rights and responsibilities of shareholders, directors and officers. It also describes important corporate concepts like bylaws, shares, mergers and foreign corporations.
Starting and maintaining non profit organizationsPACF
This document summarizes a presentation about starting and maintaining nonprofit organizations. It discusses nonprofit and tax exempt status, creating strong organizational infrastructure through articles of incorporation and bylaws, applying for 501(c)(3) status, activities that could jeopardize tax exempt status like political campaigning, and IRS compliance activities. Maintaining compliance with annual reporting is also emphasized.
Startup & Small Business Presentation (2015)Eric Leander
This document provides an overview of legal issues for startups and small businesses. It discusses entity choice including sole proprietorships, partnerships, corporations and LLCs. Key considerations for each entity type are summarized such as liability, taxation and formation process. The document also covers other legal topics such as licenses, insurance requirements, contracts and succession planning.
This lecture provides an overview of companies under the Companies Act 2013. It defines a company as a body corporate incorporated under the Act or previous statutes. The key advantages of the company form include that it is a separate legal entity, has perpetual succession, transferable shares, and limited liability for shareholders. However, there are also disadvantages like procedural formalities, lifting of the corporate veil in cases of fraud, and exceptions to the separate entity principle for taxation purposes. The lecture also compares companies to other business structures like partnerships and limited liability partnerships, and outlines the characteristics of different types of companies.
The document provides a basic introduction to different forms of business organization in Wisconsin, including sole proprietorships, general partnerships, limited partnerships, limited liability partnerships, C-corporations, S-corporations, and limited liability companies. It summarizes the key characteristics of each type of entity, such as ownership structure, liability of owners, tax treatment, and formalities required for operation. The document emphasizes that the limited liability company form combines advantages of partnerships and corporations while providing flexibility, pass-through tax treatment, and limitation of owner liability.
The document compares and contrasts public trusts, societies, and section 25 companies under Indian law. It discusses differences in the statutes that govern each entity, requirements for registration, taxation treatment, and audit requirements. Specifically, it notes that public trusts are governed by state-level trust acts, societies are registered under the Societies Registration Act, and section 25 companies are formed under the Companies Act. It also provides information on obtaining income tax exemptions for NGOs and attracting donations through sections like 35AC and 80G of the Income Tax Act.
Nonprofit Law 101 for Black-led NPOs.pptx.pdfTechSoup
The document summarizes a webinar on nonprofit law for Black-led nonprofits. It provides an overview of U.S. nonprofit law, discusses primary filing and reporting requirements for nonprofits such as annual IRS Form 990 and state registration filings. It also reviews key topics about nonprofit boards and bylaws including fiduciary duties, officer roles, and conflict of interest policies. The webinar concludes with tips to avoid common legal issues and resources for pro bono legal assistance.
This document provides an overview of considerations for forming a business entity. It discusses why to incorporate to limit personal liability and isolate assets. When choosing an entity, Delaware is typically recommended due to its developed corporate law and familiarity with investors. Costs to form an LLC or corporation in Delaware and New York are provided as an example. Other entity types like sole proprietorships, partnerships, and corporations are briefly outlined. Key documents needed to form an initial corporation are also summarized such as certificates of incorporation, bylaws, stock purchase agreements, and employment agreements. Intellectual property protection, insurance, and funding options are additionally touched on.
Here are the key factors to consider when choosing a business entity:
- Liability: Sole proprietorships and general partnerships provide no liability protection for owners. Limited liability companies (LLCs) and corporations protect owners from business debts and lawsuits.
- Taxation: Sole proprietorships and single-member LLCs are taxed as sole proprietorships. Partnerships and multi-member LLCs are taxed as partnerships. Corporations are taxed separately from owners.
- Formation: Sole proprietorships require no formal creation. Partnerships, LLCs, and corporations require filing paperwork with the state. Corporations typically have the most complex formation process.
- Governance: Sole proprietor
The document discusses various sources and classifications of company law in Malaysia. It covers the main legislation governing companies, classification of companies according to liability of members (limited by shares, limited by guarantee, unlimited), status (private, public), relationship to other companies (holding, subsidiary), and type of business. It also summarizes incorporation of companies, who promoters are and their fiduciary duties, and treatment of pre-registration contracts under common law and the Companies Act 1965.
The document discusses sources of company law in Malaysia and the classification of companies. It covers the main legislation governing companies, types of companies based on liability of members (limited by shares, limited by guarantee, unlimited), status (private, public), relationship to other companies (holding, subsidiary), and place of incorporation (local, foreign). It also discusses promoters, pre-registration contracts, and how a company can ratify or disclaim such contracts after incorporation.
The document provides an overview of forming a California nonprofit organization. It discusses conducting a community needs assessment, developing a mission statement and organizational structure. It covers the legal requirements for nonprofit incorporation including filing articles of incorporation and tax exemption applications. The presentation outlines ongoing reporting responsibilities for tax-exempt nonprofits such as annual tax filings, registration renewals and property tax exemptions. The goal is to help attendees learn how to legally establish and maintain a nonprofit corporation in California.
Forming powerpoint english 2013 update for distributionatranlbnp
The document provides an overview of forming a California nonprofit organization. It discusses conducting a community needs assessment, creating a mission statement and organizational structure. It covers the legal requirements for nonprofit incorporation including filing articles of incorporation and tax exemption applications. The presentation outlines ongoing reporting responsibilities for tax-exempt nonprofits such as annual tax filings, renewing the statement of information and property tax exemptions. The goal is to help attendees learn how to properly form and maintain a compliant nonprofit corporation under California law.
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.
This document summarizes a workshop on legal issues for not-for-profits. It discusses the statutory basis for non-profit corporations, directors' liability, and corporate liability. It compares charitable and non-charitable non-profits and outlines alternatives like incorporation and unincorporated associations. Directors' duties and standard of care are explained. Types of insurance like property, liability, and business loss policies are also summarized.
The document discusses various legal structures available for organizations in Wales looking to apply for a Community Asset Transfer. It describes unincorporated structures like community associations that do not have a separate legal identity from members, and incorporated structures like companies limited by guarantee, community interest companies, registered societies, and charitable incorporated organizations that provide limited liability. It notes advantages and disadvantages of each type as well as examples of organizations that have chosen different legal forms.
Similar to Nonprofit Reporting Requirements and Legal Issues (8/2010) (20)
Physiology and chemistry of skin and pigmentation, hairs, scalp, lips and nail, Cleansing cream, Lotions, Face powders, Face packs, Lipsticks, Bath products, soaps and baby product,
Preparation and standardization of the following : Tonic, Bleaches, Dentifrices and Mouth washes & Tooth Pastes, Cosmetics for Nails.
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
The simplified electron and muon model, Oscillating Spacetime: The Foundation...RitikBhardwaj56
Discover the Simplified Electron and Muon Model: A New Wave-Based Approach to Understanding Particles delves into a groundbreaking theory that presents electrons and muons as rotating soliton waves within oscillating spacetime. Geared towards students, researchers, and science buffs, this book breaks down complex ideas into simple explanations. It covers topics such as electron waves, temporal dynamics, and the implications of this model on particle physics. With clear illustrations and easy-to-follow explanations, readers will gain a new outlook on the universe's fundamental nature.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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43. Receipts (Substantiation & Disclosure)
Donor cannot claim deduction for contribution unless
donor maintains a record of contribution
Donor requires written acknowledgment from charity
for $250+ gift
• To claim charitable deduction
Charity must provide written disclosure to donor if:
• Payment exceeds $75
• Part-gift, part-exchange for goods or services*
(quid pro quo)