Contracts are the foundation of modern business relationships. Contract law as we know it today originated in English common law, but contracts have been around since ancient times. Many of the earliest examples
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Groups exempt from federal income taxation under § 501(a) must file Form 990 to report on their finances, activities, and governance. The IRS uses Form 990 to gauge whether tax-exempt organizations are adequately
Setting up a nonprofit on your own can be confusing. People generally use the word “nonprofit” to refer to groups that are exempt from federal income tax under Internal Revenue Code Section 501(c)(3).
Churches often use photographs that they’ve taken during worship services, conferences, and outreach events on social media, the church’s website, and promotional or informational materials like brochures and flyers. But using such photos
People often change their name when getting married, after a divorce, or for a host of other reasons. The steps to changing one’s name differ depending on the context in which the change
New beneficial reporting requirements under the Corporate Transparency Act become effective January 1, 2024, and will require small business to report information about their owners. Congress’s aim is to prevent criminals, terrorists, and
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
The internet has been a game changer for small businesses, allowing them to reach new markets, hire nonlocal talent, and compete with larger companies. Not having an online presence where customers can discover
Before you can start your nonprofit and begin making an impact, you first have to take important legal steps to ensure your tax-exempt status and other internal decisions are up to your state’s
