Despite the IRS’s best efforts to inform the public, many tax-exempt organizations fail to file their annual informational return (examples here). While failing to file for a single year may trigger late fee penalties, the real threat is that if an organization fails to file their 990 for three consecutive tax years, they AUTOMATICALLY lose their tax exempt status. Whether by negligence, ignorance, or a transition to new leadership without informing the new leadership of the 990 filing obligations, Apex Law has recently helped several organizations seeking reinstatement of their tax-exempt status after a failure to file for three......
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501c3, Articles, charitable solicitation, IRS, nonprofit, tax-exempt |
August 15, 2014
Introducing the New 1023-EZ!
Effective July 1, 2014, the IRS implemented a new, streamlined application process for smaller organizations seeking tax-exempt status as under IRC section 501(c)(3) . Replacing the old, longer Form 1023,...
Articles |
July 1, 2014
SOCIAL IMPACT BONDS: Creative Lawyering Required!
By Marjorie Singer In recent years, government and private philanthropists have sought to focus their investments on services and interventions that show promise for addressing society’s most intractable and pressing...
Articles, Crowdfunding, Crowdfunding Act, Finance, startup, Venture Capital |
April 15, 2014
Equity Crowdfunding (almost) Available in Washington State!
By Peter J. Smith On April 5, 2012, President Obama signed the JOBS Act into law. Among other provisions, the JOBS Act aimed to permit unaccredited investors (think the average...
83b, Articles, Finance, startup |
February 18, 2014
The 83(b) Election
By Amy Riedel As we begin a new year and leave holiday celebrations behind, I am reminded of a less exciting event signaled by year-end: personal income taxes. For most...
Art law, Articles |
December 20, 2013
What is Art Law?
By Amy Riedel Many moons ago, long before I became Apex Law Group’s law student intern and now associate, I was a budding art historian with dreams of pursuing graduate...
Articles, Finance, incorporation, state of incorporation |
December 2, 2013
What’s in a State: Choosing where to Incorporate your New Business
By Amy Riedel We have previously discussed how some founders might choose their business structure (here and here) and what organizational documents are necessary for formation depending on entity structure....
Articles, Social Enterprise, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation |
November 21, 2013
Make a Stand, a Washington State Social Purpose Corporation, Rings Opening Bell for Twitter Stock Exchange and Raises Questions about “Hybrid” Entities
In honor of her use of social media to funnel more than $100,000 to nonprofits combating child slavery, 9-year-old Vivienne Harr rang the bell to open Twitter’s first day of...
Articles |
November 13, 2013
Making your Intanglibles, Tangible. Part 3: Trade Secrets.
Apex Law is producing a four-part series on increasing the value of your business by making your intangibles, tangible. This post on trade secrets is the third installment of the series,...
501c3, Articles, Finance, Good Business, Mission, nonprofit, Social Enterprise, Social Entrepreneur, social entrepreneurship |
October 18, 2013
Why Business Can be Good at Solving Social Problems
Business is a tool, its how you use that tool that matters. Michael Porter, the Harvard Business School Professor in the Ted Talk video below, argues that business can be the...