Blog
Required Disclosures and Duties Owed to Donors as a 501(c)(3) Organization
For nonprofit organizations operating under §501(c)(3) of the Internal Revenue Code, some records are open for public inspection. This includes: Annual returns for 3 years after the due date, such as Form 990 and 990-T. All Form 990 schedules, attachments, and...
Rehabilitating and developing New York’s blighted properties
Abandoned and deteriorated buildings can hold both despair and promise. While these blighted properties are only a shell of what they once were, there is still the possibility that they can support the city’s people again. It can be intimidating to think about the...
How can I position my business for success in 2022?
Start-ups offer entrepreneurs the chance to make their own way in a given marketplace. When well executed, this business endeavor can lead to financial independence and the ability to impact your community. But without proper planning, your business could be part of...
3 contingencies you may want in your offer to buy a home
You have a lot to gain and also potentially a lot to lose when buying residential real estate. For example, you might offer more money than you should for a property that needs extensive work. That means that you end up losing money on the transaction rather than...
3 important factors when buying commercial real estate
Investing in a commercial property can be a great business decision. If you already run a successful company, you could eliminate rent as an operational cost while assuming more control over how you use your facilities at the same time. Your business will benefit from...
5 requirements you must meet to start a non-profit corporation
There are many reasons you might want to start a non-profit corporation. Perhaps you have a passion for giving back and a great idea for addressing a known need or issue in the world. Maybe you already operate a for-profit business and would like a separate charitable...
Fall 2021 Nonprofit Law Academy
The team at Hedgeman Law Firm is excited to announce its Fall 2021 Nonprofit Law Academy The academy is offered by the Firm as a service to its clients and the community in its New York State and Washington D.C. markets 2020 has been a challenging year in more ways...
Hedgeman named Vice-Chair of Bethlehem IDA
BETHLEHEM - The board of the Bethlehem Industrial Development Agency has tapped Victoria Storrs to be its new chair after the retirement of Frank Venezia, a 25-year member of the board who had been chair since 2005. Storrs, who runs an economic development consulting...
Why do financial services businesses need gap analysis?
If you’re the owner of a financial services business in New York, you will want to use all of your resources to grow your company. Of course, if you’re new to the business world, you may not know the best ways to do that. A gap analysis is one of the best options...
The New York HERO Act: What Employers Need to Know
On May 5th, 2021, New York State Governor Andrew Cuomo signed the New York Health and Essential Rights Act (NY HERO Act), which mandates extensive new workplace health and safety protections in response to the COVID-19 pandemic. The act sets forth mandatory standards not just for COVID-19, but for all airborne infectious diseases.