Welcome to Our Blog

Our passion is helping you navigate the treacherous waters of business and nonprofit formation and compliance.

Whether you're just starting out, or running a small business or nonprofit, you'll find relevant industry news, trends, tips and tricks, and more, to help you become and stay compliant.

Consider this your "safe Harbor" of information, where you can read, learn, and share your experiences. Happy exploring!



Pennsylvania Releases New Foreign Registration Statement

> Posted on July 20th, by James in Industry News. 2 comments
Pennsylvania Releases New Foreign Registration Statement

As of July 1, 2015, Pennsylvania released a new “Foreign Registration Statement,” for immediate use with all entities, and it simplifies choosing the right state form.

The Foreign Registration Statement, Form DSCB:15-412, which we have linked to here, will … Read more >>



Nevada Business License Fee Increase Effective July 1, 2015

> Posted on June 30th, by James in Compliance, Industry News. 1 Comment
Nevada Business License Fee Increase Effective July 1, 2015

Effective July 1, 2015, the Nevada Secretary of State is raising its fees for initial and annual lists, and business licenses for corporations, per NV Senate Bill 483.

The fee for initial and annual lists is increasing by $25 … Read more >>



Indiana Nonprofit Annual Report

> Posted on June 12th, by James in Industry News, Nonprofits. 3 comments
Indiana Nonprofit Annual Report

Effective July 1, 2015, Indiana nonprofit annual reports will now be due on a biennial basis, instead of annually (Source).

Currently, nonprofit entities file an Indiana annual report every year, while for-profit entities, such as LLCs and corporations, … Read more >>



Selecting a Nonprofit Board of Directors

> Posted on June 5th, by James in Nonprofits. 3 comments
Selecting a Nonprofit Board of Directors

Selecting a nonprofit board of directors is vital to your nonprofit’s success. Collectively, the board of directors strategizes, sets policy, and makes decisions for the nonprofit. Individually, each director should have certain qualities and attributes that adds value to your … Read more >>



How to Open a Nonprofit Bank Account

> Posted on May 27th, by James in Nonprofits. 3 comments
How to Open a Nonprofit Bank Account

One of the most important steps in starting a nonprofit is opening a bank account. This allows your organization to deposit funds, to write checks, and to begin saving money. However, opening an account is not as easy as strolling … Read more >>



New Hampshire Nonprofit Annual Report due in 2015

> Posted on May 7th, by James in Compliance, Nonprofits. 1 Comment
New Hampshire Nonprofit Annual Report due in 2015

As compliance junkies, we like to talk about unusual events in the corporate filing world. Today’s subject is the New Hampshire nonprofit annual report, which must be filed every five years. And you guessed it, this report is due in … Read more >>



IRS Form 990 Due May 15, 2015

> Posted on April 17th, by James in Compliance, Nonprofits. 2 comments
IRS Form 990 Due May 15, 2015

 

Important Compliance Deadline for Nonprofits: Form 990 is due on 5/15/2015

 

For nonprofits on a calendar tax year, your annual 990 filing is due May 15, 2015. This applies to most nonprofits.

Organizations not on a calendar tax … Read more >>



Staying Compliant Using Form 1023-EZ

> Posted on April 15th, by James in Compliance, Nonprofits. No Comments
Staying Compliant Using Form 1023-EZ

Last week, we shared an update from the IRS on Form 1023-EZ, which has streamlined approval of 501(c)(3) applications. Using the new form, nonprofits typically receive a determination letter in less than 30 days, sometimes as little as two weeks.… Read more >>



Montana No Longer Requires Certificates of Existence

> Posted on April 8th, by James in Industry News, Legal Issues. 1 Comment
Montana No Longer Requires Certificates of Existence

On February 18, 2015, the state of Montana passed Senate Bill No. 35, which eliminates the Certificate of Existence requirement for foreign business entities. Instead, businesses qualifying in Montana will affirm “a statement that the foreign corporation has complied … Read more >>



How Effective is IRS Form 1023-EZ? A Look at the Numbers

> Posted on April 6th, by James in Industry News, Nonprofits. 1 Comment
How Effective is IRS Form 1023-EZ? A Look at the Numbers

 

In July 2014, the IRS released Form 1023-EZ in an attempt to reduce a backlog of over 50,000 applications. Upon the form’s debut, there were a lot of questions regarding the form’s effectiveness, how long it would take, etc. … Read more >>