ALM As of December 2024, the BOI (Beneficial Ownership Information) filing mandate is currently on hold nationwide due to a court injunction blocking enforcement of the Corporate Transparency Act (CTA), meaning businesses are not legally required to file BOI reports until further court order; the January 1, 2025 deadline is currently not in effect. Key points about the current … Read more
Nonprofits Illuminate Our World Like rays of light shining through clouds, nonprofits illuminate our world. Though often overlooked, these organizations lift people up, spread hope, and lead us to a brighter future. As the great Indian independence activist Sarojini Naidu once said, “My life has taught me that the only way to vanquish darkness is … Read more
If you didn’t already know, the IRS (Internal Revenue Service) has several classifications for nonprofit organizations in the United States. These classifications determine the type of tax-exempt status an organization is granted and the types of activities they can engage in. It’s important you know and understand what type of nonprofit you wish to establish. … Read more
Every week, nonprofit organizations come to us because they have been suspended by various government agencies. Some suspensions are easy to fix than others, but many find themselves in the worst situation possible. They have lost their 501c3 status from the IRS. Why? Because they did absolutely nothing. They didn’t hire someone to keep them … Read more
Think back to the day you started your passion project. You wanted to help others less fortunate and you decided to just do it. The feeling of helping others can be overwhelming, heartwarming and so satisfying. You were hooked. Starting a passion project can be a deeply rewarding experience. Not only does it allow you … Read more
