Note: If you missed the first in this series, you’ll find it here. In July 2014, the IRS adopted new Form 1023-EZ, a simplified application process for nonprofit organizations that wish to obtain tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. Your organization is not eligible to use Form 1023-EZ if: It has more […]
Getting a nonprofit organization off the ground has always involved three steps: Forming a “nonstock” corporation or limited liability company (LLC) under your state’s business organization laws; Registering the corporation or LLC for tax-exempt status with the Internal Revenue Service under Section 501(c)(3) of the federal tax code; and Once federal tax-exempt status has been […]
La di da, la di da, ‘tis autumn (with apologies to the late Nat King Cole) and time for the annual New York Business Expo at the Javits Center in New York City. Each year tens of thousands of New York based small businesses crowd the trade show floor to learn about new marketing strategies, technologies, […]
Maybe it’s the change of seasons (I’ve always been a big early fall fan), maybe it’s because I just turned 60, but I’ve been spending more time than usual reflecting upon my past. Whenever you reflect on “things you should have done differently,” you almost always end up going back to your high school and […]
While technology startups and small businesses have much in common, their legal and tax issues are quite different. Here are several significant questions raised at last week’s program on “Representing the Start-Up Venture,” a panel discussion I hosted for the New York State Bar Association. (You can find more details on the NYSBA website.) S […]