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 Camp
November 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 BUSINESSES
October 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 Down
October 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 Havens
October 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…

SCORE’s Fall Workshop Series Presents – How to Start Your Own Small Business
September 22, 2022

If you are thinking about starting your own business then consider signing up for SCORE’s upcoming LIVE 3-evening online workshop “How to Start Your Own Business” featuring local experts, including RVA’s small business attorney Eric…

Selling Your Small Business? What’s Next For You?
September 12, 2022

Selling your business is an exciting and rewarding conclusion to an entrepreneurial adventure that has perhaps consumed much of your adult life.  A significant part of your sense of identity and self-worth might be closely associated the business…

Common Areas of Trouble Among Business Partners
September 08, 2022

The US Small Business Administration reports that small businesses make up 99.5% of all Virginia businesses and employ 1.6 million people, or more than 46.6% of the state's workforce. Business relationships have their ups and downs, and…

September Nonprofit Spotlight: Jacob’s Chance
September 01, 2022

Each month Perkins Law spotlights a local nonprofit doing inspiring work in the central Virginia area, and the featured nonprofit for September 2022 is Jacob's Chance. Perkins Law salutes FRIENDS Association for Children for its mission to…