Statement of Information

Statement of Information

In the state of California, LLCs and corporations are required to file an annual or biannual Statement of Information with the office of the Secretary of State.  While it may be tempting to delay filing – after all, running a business keeps you busy – it’s...
B Corporation Certification

B Corporation Certification

What is B Corporation Certification? The distinction of Benefit Corporation, B Corporation or B Corp, is granted to companies who demonstrate that they value not only profits but also giving back to the community. This can be done through direct financial...
Should My Nonprofit Have A Gala?

Should My Nonprofit Have A Gala?

Introduction Have you asked yourself ‘should my nonprofit have a gala?’ If you are wondering the answer to this question, it is important to consider the positives and negatives.  Planning a nonprofit gala and executing it successfully are very difficult...
How the New Tax Bill Will Affect Nonprofits

How the New Tax Bill Will Affect Nonprofits

By now, you undoubtedly have heard that there have been some major changes to the federal income tax system. If you run a nonprofit, you might have heard some pretty scary things about how these changes will affect your donations for the coming years. It is true that...
5 Reasons Why You Need an Estate Plan

5 Reasons Why You Need an Estate Plan

1. To Avoid Court Did you know in California if you own assets over $150,000 in your individual name, your estate is likely to be probated?  This means that after you die, your beneficiaries will have to go to court in order to get your assets. A trip to the...