
Does Your Nonprofit Organization Need to Refile Form 1023-EZ?November 02, 2022
QUESTION: A newly formed nonprofit organization filed IRS Form 1023-EZ to seek recognition of its exempt status under Section 501(c)(3). The IRS approved the filing and issued a determination letter recognizing the organization’s tax-exempt…

November Nonprofit Spotlight: Comfort Zone CampNovember 02, 2022
Each month Perkins Law spotlights a local nonprofit doing inspiring work in the central Virginia area, and the featured nonprofit for November 2022 is Comfort Zone Camp. Perkins Law salutes Comfort Zone Camp for its mission to transform the…

NEW FEDERAL REPORTING REQUIREMENT TO AFFECT MILLIONS OF SMALL BUSINESSESOctober 31, 2022
The Final Rule recently issued under the Corporate Transparency Act (“CTA”) represents a significant update to federal anti-money laundering laws and is estimated to affect millions of business entities by imposing new disclosure requirements…

M&A Activity in the RVA Small Business Community Starting to Calm DownOctober 24, 2022
According to a recent BizBuySell Insight Report, small business acquisition activity has slowed after posting five consecutive quarters of year-over-year growth. The number of closed deals reported in the third quarter of 2022 dropped 2% year-over-year…

October Nonprofit Spotlight: Heart HavensOctober 03, 2022
Each month Perkins Law spotlights a local nonprofit doing inspiring work in the central Virginia area, and the featured nonprofit for October 2022 is Heart Havens. Perkins Law salutes Heart Havens for its mission to for its mission to provide…

Can a Nonprofit Organization Require Board Members to Donate?September 22, 2022
The simple answer is yes it can (and many do), but perhaps the bigger question is whether an organization really wants (or needs) to impose such a mandate? It is legally permissible for a nonprofit organization to require its directors to…
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