Understanding IRS 501c3 and Related Tax Matters

What is IRS 501c3? Section 501(c)(3) is the portion of the US Internal Revenue Code that allows for federal tax exemption of nonprofit organizations, specifically those that are considered public charities, private foundations or private operating foundations. Read more on www.501c3.org The Internal Revenue Service (IRS) of the United States of America grants non-profit organizations … Read more

Are Goats in Trees Real?

Are goats in trees real? Goats can often be seen standing in the trees of Morocco’s Souss Valley. But according to Aaron Gekoski, a British environmentalist and photojournalist, some of the tree-dwelling animals might actually be a hoax. Read more on www.insider.com If you’ve ever seen a photograph of a goat sitting on a branch … Read more

The Best-Selling Candy in the World

Which candy sells the most? Reese’s Peanut Butter Cups are the No. 1 selling candy brand in the United States, consisting of white fudge, milk, or dark chocolate cups filled with peanut butter. Read more on en.wikipedia.org For decades, candy has been a favored pleasure for people of all ages. It can be challenging to … Read more

Understanding the Difference: Bylaws vs. Operating Agreement

Are bylaws the same as operating agreement? Although similar in function in that they govern the internal affairs of a business entity, bylaws and operating agreements are two different things. The obvious difference is that bylaws apply to corporations, while an operating agreement applies to LLCs. Read more on fundsnetservices.com There are numerous critical choices … Read more

Does New Jersey Require an Operating Agreement?

Does New Jersey require an operating agreement? Negotiate and execute an operating agreement.. New Jersey does not require an operating agreement in order to form an LLC, but executing one is highly advisable. Read more on www.dmlp.org It is strongly advised that you draft an operating agreement even if New Jersey does not mandate it … Read more

Does a DBA Expire in Florida?

Does a DBA expire in Florida? How long are fictitious name registrations and renewals valid? Both are valid for 5 years and expire on December 31st of the final year. If you fail to file the renewal, your registration will expire. Read more on dos.myflorida.com A DBA or Doing Business As registration must be renewed … Read more