The Hedgeman Law Blog
Commercial Co-Ventures: How-To
Overview: Many nonprofits choose to team up with a for-profit business to benefit the charity while simultaneously promoting a product, service, or good that the business is selling. What is described here is known as a commercial co-venture. While this activity may...
Unrelated Business Income- What to be Aware of as a 501(c)(3) Organization
As a nonprofit corporation operating under §501(c)(3) of the Internal Revenue Code, maintaining tax-exempt status is a priority. However, a corporation may generate income from activities that are taxable. For example, a church may operate a theater for educational...
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...