What is Form 1023? To be exempt from federal income tax, organizations must receive a determination letter from the IRS. The IRS only gives a determination letter after receiving adequate proof that an
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Cash flow measures how much cash is flowing in and out of a business, and a positive cash flow is one of the strongest determinants of a business’s success. It shows that a
Last week our own Doug Davis was a guest on WNIS radio's "Ask the Expert" show. WNIS has been providing live local news, talk shows and nationally syndicated shows to Hampton Roads listeners
As an employer in the Commonwealth of Virginia, knowing the difference between a handbook and a policy manual and using them appropriately can create a more transparent and smoothly operating business. But it
Eviction isn’t as simple as telling a tenant to get out. Tenants have many legal rights and as a landlord in the Commonwealth of Virginia, it’s important to understand the proper process of
As the world becomes more of a global community, it is no longer uncommon for married couples to maintain different citizenships. While a difference in citizenship alone can present complexities from an everyday
Congratulations! You are now considered a legal adult. Although you still can't purchase alcohol, there are very few other things you cannot legally do at this point. Although you may not feel any
Ask a group of friends if they have experienced a family fight over property after a loved one has died, and you will be in for a lively and eye-opening conversation. Far too
A common misconception is that only wealthy families and people in high-risk professions need to have an asset protection plan. But in reality, anyone can be sued. A car accident, foreclosure, unpaid medical
Planning for how your money and assets will be taken care of after you pass away is not the most pleasant or exciting thing to do. It requires thinking through situations that can
