In this first installment of a three-part series, Alexander and Apex Partner and co-founder Eric Camm discuss the beginning of most M&A deals: letters of intent (LOIs). A letter of intent is a non-binding (in most respects) document that sets forth the parties’ understanding of the future transaction that they’ve come to after various discussions. Letters of intent are significant because they are the first acknowledgement that the two parties are really going to move forward with a proposed deal. Though they can be as short as one page, LOIs often have complicating aspects: When should attorneys enter the......


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March 12, 2018

Updates to the 1023

In December 2017, the IRS released the new 1023 Application for Recognition of Exemption (often referred to as the “1023”): the form by which nonprofits can apply for 501(c)3 tax-exempt...

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