Nonprofit organizations often find it difficult to generate enough funding to stay above water. Especially in today’s challenging financial times. One strategy nonprofit companies employ to generate income is through for-profit ventures. It’s certainly a do-able arrangement. However, both federal tax codes and the law place limits on how nonprofits can coordinate with for-profit businesses. [...]
Losing your tax-exempt status could have severe consequences for your nonprofit organization. Whether you are a member of staff or sit on the board of a nonprofit, it’s important to familiarize yourself with tax-exempt status and what could put that status at risk. Below, we outline 5 ways you can keep your tax-exempt status safe [...]
As a parent, you’ve probably thought about what will happen to your child should you no longer be able to care for them or yourself. But have you considered a pre-need guardian? Having a pre-need guardianship document drawn up in the event of something affecting yourself and your property is an important parenting step. It’s [...]
When it comes to renters, Florida has one of the highest populations in the country. Of the 19 million people living here, more than 2 million are renters. While the state boasts one of the largest populations of tenants, the landlord-tenant law in Florida is somewhat vague for landlords trying to get their rent. Knowing [...]
When your small business applies for a bank loan, and it’s approved, the loan agreement will likely contain loan or restrictive covenants. It’s simply a statement between lender and borrower stating that your small business can and can’t do certain things while you’re paying on the loan. If the bank considers your business high risk, [...]
Before you start a business in an industrial area in Florida, you need the proper licenses, permits, and regulations. While regulations vary from one industry to another, it’s important to understand the zoning and land regulations in the area where your business is to open. Failing to comply with regulations can result in a costly [...]
An argument over real estate property and boundary lines can cause a great deal of uncertainty. Perhaps you and your neighbor have different expectations in terms of boundary ownership. A common type of boundary dispute is called technical causes. When you are embroiled in a technical boundary dispute, it means your neighbor’s deed indicates possession [...]
A foreclosure refers to the process where a lending institution attempts to recover a portion of outstanding mortgage from a homeowner who’s defaulted on the loan. Typically, the lender will sell that property at a foreclosure auction. For real estate investors and home buyers, it’s often a good opportunity to buy low. However, buying a [...]
An attorney opinion letter is a formal piece of advice or an expression of judgment. It’s based on a professional’s expert knowledge. An opinion letter mostly refers to a document that contains an attorney’s understanding of the law. Whether you want to avoid costly litigation or correctly navigate your way through a current lawsuit, you [...]
With starting a new business comes optimism and hope. Dissolving a business, though, might or might not be a positive affair. It’s true that formally closing a business, in some cases, may just mean it’s time to move on to something else. Sometimes, though, a business has no other option but to end operations when [...]
