Tax

The Various Models of Fiscal Sponsorship: How much do the differences matter? Many social enterprises go through a developmental phase of fiscal sponsorship – being the recipient organization [...]

Private foundations (as well as donor-advised funds – or DAFs) are prohibited from (together with the organization’s “disqualified persons”) holding more than 20 percent of a non-exempt business. [...]

In October 2020, the IRS released a private letter ruling (PLR 202041009) in which the IRS denied tax-exempt status to a nonprofit formed for the purpose of increasing social welfare, where the [...]

The IRS provides two forms of its Form 1023: Application for Recognition of Tax-Exempt Status, and most organizations seeking tax-exemption under Section 501(c)(3) will need to file either the [...]

Many social enterprises go through a developmental phase of fiscal sponsorship – being the recipient organization (fiscal sponsoree) relative to a sponsoring 501(c)(3) organization (fiscal [...]

What Employers Need to Know about Paid Sick-Leave during this Coronavirus Pandemic Congress has passed the Families First Coronavirus Response Act (the “Act”) – one of several laws responding to [...]

Lenders to Non-US Businesses: Can you ask for more better pledges and guarantees? Most US lenders to multinational enterprises eventually encounter the tax rules under Code Section 956. [...]

Applicable United States Regulation of Fund Managers and Reporting Requirements The following is an overview of certain U.S. laws and regulations make your life as easy as possible fixer that [...]

Social impact businesses are similar to their traditional business counterparts in many legal and tax respects. However, in advising social entrepreneurs and investors, we occasionally encounter [...]

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