A nonprofit organization is just that—one that doesn’t produce a profit by general business standards. Any earned “profits” go back into the organization's coffers to pay for general business needs and to continue the work they intend to do for the betterment of the community. But if a nonprofit … [Read more...]
In Chicago, IL What Are The Responsibilities Of A Non-Profit Board Of Directors?
Much like a for-profit corporation, a nonprofit corporation will also have a board of directors as a matter of course when starting. The board is the governing body of the nonprofit that is responsible for managing and running the organization’s activities. These members are generally not employees … [Read more...]
What is a Tax Exemption Certificate in Chicago, IL?
You have an idea, and you’re ready to start your new nonprofit organization in Chicago. You need more than an idea, of course, and there are a lot of plans to make. What will you call it? Who will you be working with, and who will be working for you? What will be in your articles of incorporation … [Read more...]
What Does a Chicago Business Lawyer Do?
There are laws governing Chicago businesses including state, local and federal laws. Compliance with the different laws is important for businesses of all sizes. Besides the basic legalities, disputes and litigations may arise. These require legal expertise to help avoid serious consequences. A … [Read more...]
Want To Change Your Business Structure? Know These Things First
Starting a nonprofit isn’t something you just do one day—it’s a complex administrative process that allows you to begin operating and fulfilling your mission. Every nonprofit is different, and any changes will have to be made carefully and with counsel to make sure the organization is compliant with … [Read more...]