How Are You Spending Your Free Time?
This morning, I got a phone call.
It was a gentleman interested in starting a public charity, in order to raise money to build a local skate park. The skate park, he said, is a huge need in his community.… Read more
With IRS Form 1023-EZ, Become 501c3 Tax Exempt in Weeks
News of the recent release of IRS Form 1023-EZ has spread like wildfire. Introduced in July, the form, designed to streamline the application and approval process for federal tax exemption, has triggered a number of questions throughout the nonprofit world.… Read more
CT Secretary of State Experiencing Delays
8/14/2014 The Connecticut Secretary of State has been experiencing computer and copier issues. Clerks are unable to print copies, certified copies, and confirmations of filings.
The Secretary of State’s office is unsure when all systems will be running normal once … Read more
What to Do While Waiting for Your Determination Letter
You’ve applied for 501(c)(3) tax exemption, and are waiting for your IRS determination letter. What can you do while you wait for it?
Obtaining your IRS determination letter is a crucial step to starting your nonprofit. Unfortunately, this magical document, … Read more
LLC or S-Corp: Which Is Better for My Small Business?
Understanding the difference between an LLC or S-Corp can be challenging for a small business owner. Neither is “better,” but when deciding, always consider your organization’s resources, mission, and plan for growth.
If you take one point away from this article, let it be … Read more
Selecting a Business Structure as a “Solopreneur”
Selecting a business structure as a solopreneur is less complicated then you might think. While there are plenty of confusing terms out there, such as “liability protection” and “tax structures,” you really have one decision, that of sole proprietor vs. … Read more
Three Reasons Why A Rejected Filing Hurts Your Business
In life, getting rejected stinks.
When preparing your corporate documents, not filing timely or properly jeopardizes your “good standing.” Getting a filing rejected outright wastes your valuable time, and can even chalk up to a financial loss.
A rejection is not … Read more
Illinois Secretary of State Closed Due to Small Fire
7/22/2014 – The Illinois Secretary of State is closed today due to a small fire. Though the fire has been contained, the building is experiencing electrical issues and has no air conditioning.
As a result, the state is only able to … Read more
Breaking Up With Your Registered Agent
You’ve seen the warning signs and red flags.
You pay to receive documents, a service you thought you had already paid for with your annual fee. You were supposed to receive an annual report notice, but didn’t, and now you are … Read more
Secretary Gessler Announces Colorado Fee Holiday for Business Formation
Secretary of State Scott Gessler announced a Colorado fee holiday, set to begin July 1, 2014. As a result, the fee for new business filings has been reduced from $50 to $1. The aim is to pass savings from a government surplus … Read more
