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Recent Not for Profit questions
I have a for-profit corporation that paid to have a
I have a for-profit corporation that paid to have a non-profit corporation (501c3) established. The officers and board of directors are totally different and no one is related between the two entities. If the 501c3 funds projects that fall within its charter, but primarily (95% of them) benefit my for-profit corporation (money for supplies on charitable work the for-profit historically has paid for), is there enough separation between the for-profit and the non-profit?
Am I going to be charged questions? I have a nonprofit
Am I going to be charged for the questions?I have a nonprofit science workshop running for the last 10 years. I charge the students to cover the materials and the space a pay the teachers help. The income is below 50000.Expenses are higher . I substitute some money'sNow I am into 74 years getting tired. The program is useful for kids ranging from 1-12.Some commercial people are asking me to have a partnership with themWhat does it mean.?should I proceed or not.reasons to proceed is if some money's come from partnerships ,I can hire a manager to continue the science workshop.My workshop web is www. Irvingartofscience.org
I am writing an operating agreement care business and I know
I am writing an operating agreement for senior care business and I know that my would be partners are bringing in $250,000 in cash and additional $250,000 in loan to the company if needed in future at 12%. Can I use that as their capital contribution in the operating agreement under capital contribuition section? What is their capital contribuition and do I mention the loan guarantee to the business as separate? What about lease agreement that has personal guarantee if required?
I want to start a used car dealer business. To save the
I want to start a used car dealer business. To save the start up cost, I decided to join a existing used car dealer. The used car dealer's owner saying that he can make us salesperson license and then will be able to buy and sell used cars.He said I can set up our own corporate and checking account. When customer buys our car, the customer has to pay to his company and then he will write a check to us. But what if he collects money but don't pay us? is there a way to make it secure about this payment issue?Also if I set up our own corporate, I will have to file tax return as used car dealer but we don't have the license, will I get in any trouble with this?
My friend is a secretary on a non-profit board of directors.
My friend is a secretary on a non-profit board of directors. In the last two years she has had three strokes and although she still has mental capacity, she is slower and has lost partial physical capacity. Due to her disability, she is no longer able to transcribe meeting minutes in the timely fashion she used to. I was advised by a nonprofit advocacy group that she is entitled to have an assistant, not only to help her transcribe recordings of meetings, but also to attend meetings with her in a non-participatory strictly assistive capacity. The current president of the board is in the midst of trying to remove several board members, and he has told my friend that if she cannot transcribe the minutes herself she needs to be replaced as secretary. She was also told that she could not select her assistant - that the board had to approve that selection. Can you shed any light on any of this? I feel she is being discriminated against because of her disability and her age.
Please read the full details of the question before
Please read the full details of the question before answering or I will not give credit for the answer.I just turned 19 this year. I've been saving up money since I was a very young child and had some cash businesses throughout middle school and high school, selling candy and new sneakers. I've saved up many thousands of dollars in cash and haven't deposited it in a bank because I didn't have a bank account. I'm afraid that if I deposit all of my money into a new bank account that the IRS would seize my money. I've read some horrible stories about this online so I'm pretty paranoid about doing this; I want to avoid it at all costs. Also, my parents do not want to claim it as a gift to me or anything like that. I go to Spain often and I'm 3/4 Spanish by blood, speak fluent Spanish, and I've been interested in starting an investment company in Spain, especially since I do want to begin investing in Florida real estate soon. I'm genuinely interested in starting this investment company in Spain. I've been interested in European investing for a while now.Is it legal if I send my cash to a Spanish bank under an LLC that I started in Spain? Will I be able to then make transfers to a US bank account that I start and report all the profits to the IRS legally? What I'm mainly concerned about is that the sudden appearance of a large sum of money that in a bank account owned by my Spanish LLC will be illegal. I don't want to do anything illegal. So in other words will I be able to accomplish two things at once here: starting the Spanish investment LLC that I've been thinking about and also eliminating the risk that the IRS will seize my funds?
If received conflicting responses so I would like someView more business law questions
If received conflicting responses so I would like some clarification. In 2013 my ex and I got divorced. At the time, we agreed on everything so we just used a divorce processor writer to submit everything to the court and never used attorneys. One of the stipulations we agreed to when we wrote up the decree for the divorce was that my ex would need to refinance our house in his name alone or we would have to sell the property- this was signed off by the court.After the divorce paperwork was filed, my ex realized he was unable to refinance the house. We looked into selling the house; however, we would've lost a substantial amount of money. So, instead, we agreed that I would refinance the house in my name but my ex would continue to live there. We agreed that while he lived there, he would be responsible for payment of the mortgage and then when the time came for him to move, then we would decide to either rent the property or sell it and split all debt/profit for the house. We put this agreement in writing and both signed this in 2014.Last month, my ex moved. He has completely vanished with the keys and is not answering phone calls or messages. The house's mortgage is in my name so I have to make the payment and he knows this. The house is in Arizona and I live in Kansas now so I am unable to get to the house to prepare it for a management company or anything. I need to know what to do.I need to know the following:- Do I have a civil case against my ex?- Or is this a family court matter and will a civil court throw out my case?- How do I proceed when I don't have a new address for my ex?- Is there a time period to enforce an agreement? To clarify, we made/changed our divorce decree agreement on our own in 2014. Is this enforceable?