At my law firm, James C. Provenza and Associates, we spend a lot of time repairing organizations that have lost their tax-exempt status. We have noticed a pattern as to why it happens. In this article, we address the primary causes. The first thing we have noticed is that many small … [Read more...] about The Biggest Threat to Your Tax-Exempt Status
Chicago Attorney for Nonprofits
Nonprofits (also known as Not-for-profits) are organizations that exist to promote social welfare or public interest. There are many different kinds of nonprofit organizations. Some are social welfare groups, while others are religious institutions. Still, others focus on education, human services, … [Read more...] about Chicago Attorney for Nonprofits
Can You Help My Nonprofit with Form AG990?
There are many different legal requirements associated with operating a non-profit organization in the state of Illinois. This includes an annual filing of Form AG990, an annual financial report that must be completed by organizations within six months after the organization’s close of the fiscal … [Read more...] about Can You Help My Nonprofit with Form AG990?
Why Should a Nonprofit Incorporate?
The decision to incorporate is an important one. Not all nonprofit organizations decide to become a corporation. There are many reasons why a nonprofit organization would choose to incorporate, and some situations where organizational leaders may not feel that it’s worth the investment. In this … [Read more...] about Why Should a Nonprofit Incorporate?
What Should My Business Structure Be?
Non-profit organizations are businesses and every business needs a business structure, even if the sole purpose of creating and operating the organization is not to generate profit for shareholders. Deciding on how to structure a non-profit organization is one of the first and most important … [Read more...] about What Should My Business Structure Be?
