Dissolution, the process of officially closing down a business, can be a complex process given the assets and liabilities of a corporation. Once a governing body of an organization decides on a dissolution, having a plan for dissolution from start to finish can save on time and costs. That being the case, this blog is
Dissolution of a corporation refers to the official closing of a corporate entity, which can be a complex process. Below is a brief introduction of the types of dissolution with the state. There are 3 main ways a company can be dissolved – administratively, voluntarily, and judicially. I will not detail the judicial dissolution process
The Donald J. Trump Foundation, which was been mired in a 2016 lawsuit brought by the New York Attorney General, will be dissolved pursuant to an agreement dated December 18, 2018 and court supervision. This nonprofit’s dissolution has a general teaching for nonprofit board members: take board meetings seriously! One of the primary complaints brought
Can an association – a homeowners’ association (“HOA”) or condominium association – receive tax-exempt status from the Internal Revenue Service (“IRS”). In short, maybe. There are three avenues for an association to qualify for tax-exempt status. These different paths are referred to by the section of the Tax code that provides the tax exemption, and
Overview With the advent of the new year, the Washington Nonprofit Corporations Act (RCW 24.03A) is now in full force and effect. While much discussion has already been devoted to specific governance changes to member and non-member organizations, we have yet to address how charitable assets will be managed under the new act. In this
Overview The Small Business Reorganization Act (“SBRA”) is a new bankruptcy law, effective February 2020, aimed at opening new protocols to help small business successfully reorganize under federal bankruptcy. Why is this important? Prior to SBRA, struggling businesses had two options in bankruptcy, Chapter 7 and Chapter 11. In short, Chapter 7 is liquidation, and
Jacob Ferrari Attorney Previous Next About Me I love working with nonprofits. Their impact, leadership, and passion inspire me. Apex Law Group is a firm that shares my heart for nonprofits with a team of kindred spirits that cares for our clients as much as our clients care about the community around them. My primary
Tara Vitale Attorney Previous Next About Me Both my parents owned small businesses, so it is very personal to me to see local businesses succeed and make an impact. After moving to Seattle for my JD/MBA, I interned at Apex and I stayed with Apex to build my career because of Apex’s focus on empowering
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