California Administrative Dissolutions

In early January of last year, the California Franchise Tax Board and the California Secretary of State launched something brand new designed to clear a lot of nonprofit organizations that are no longer operating off their rolls. California nonprofit public benefit, mutual benefit, religious, and registered foreign nonprofit corporations are now subject to administrative dissolution (California nonprofit Read More

Board Meetings and Minutes and More

As we edge up past the 200-blog-post milestone, we’re proud of the variety of topics covered. Some areas of interest to nonprofits have been covered a bit more extensively than others. For example, just last summer, we posted 8 times on the all-important politics ban in section 501(c)(3). After November 8th, though, the landscape changed dramatically; hence, our update in December 2016: “Maybe ‘Never Mind’ About The Read More

Labor and Employment Law – New Year's Resolutions for 2017

Now that the hustle and bustle of the holidays are over,  it’s time to start making resolutions for the New Year. As a small business or nonprofit organization, January is the perfect time to look forward and ensure you have the best employment foundation and plan for the coming year. For example, do you have an employee handbook? When was the last time it was updated? Did all of your employees receive the most Read More

Hello, 2017! Four Big Changes Set to Affect the Charitable Sector

As we say a (hopefully) fond farewell to 2016 and we give a welcome "hello" to 2017, it's important to note that 2017 is shaping up to be a watershed year for nonprofit charities. Major change looms, especially in government policy, where government discretionary spending will go down, tax policy will very likely change and health care and other social services will get major rearranging. We've selected (1) Rule Read More

We Wish You a Happy Thanksgiving!

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November 4th is International #LoveYourLawyer Day

Negative lawyer jokes have been around since (at least!) the time of Shakespeare. Remember this old chestnut? ''The first thing we do, let's kill all the lawyers...'' - Dick the Butcher, Shakespeare's ''Henry VI'' It’s part of our culture, and sometimes it is unfortunately justified. The attorneys at For Purpose Law Group, however, strive to serve by providing guidance to the purpose-driven organizations and Read More

Merry Christmas and Happy New Year!

From our family to yours - we wish you a very merry Christmas and a joyous New Year! Read More

Business Fundamentals: Benefit Corporations

Benefit Corporations are probably the most recognized business entity available to social entrepreneurs. Establishing your business as one offers many benefits for a socially conscious enterprise, but there are several legal and administrative requirements to be aware of before taking the leap. First, much like a nonprofit, Benefit Corporations in California have a "general public purpose" baked into their Read More

Happy Thanksgiving from For Purpose Law!

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You Mean I Have to Pay Myself? Yup.

One of the beautiful things about forming a corporation - whether it's a normal for profit corporation or a social enterprise like a benefit or flexible purpose corporation -is that your business can elect to be taxed as something we've talked about before, an "S-Corp." Because of the favorable tax treatment, though, the IRS is always on the lookout for those businesses that take the benefit too far. Typically, an Read More