Business & Nonprofit Law

Small Business Law governs how people conduct business in the government and private sectors. It covers the formation of a new business such as a sole proprietorship, partnership, corporation, limited liability company and a franchise. It also covers nonprofit organizations which are business entities that have special purposes to benefit others and not intended to be for the profit of investors. Frequently referred to as IRS 501(c)(3) companies, nonprofits (such as charitable or educational foundations) are afforded special tax treatment.

Choosing the appropriate legal entity is one of the most important decisions an entrepreneur can make. The limitations of liability and tax benefits vary between corporate entities and state laws. Incorporating a new business can be complicated and may require the creation and filing of a set of corporate bylaws, articles of incorporation and articles of organization. Corporate law covers shares, dividends, shareholders, officers, board of directors, mergers and acquisitions, franchise law, securities and antitrust regulations. Having a knowledgeable business lawyer on hand at the beginning of a venture can be extremely beneficial for individuals and startup companies.

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Michael Wechsler
3 min read
Views
10,484
This article discusses how to define the primary purpose of your nonprofit organization and how to begin the process of starting your marketing plan. It is the second article in the "How to Create a Nonprofit Organization / Corporation" and "How to Incorporate a Business (For-Profit)" series...
Michael Wechsler
Updated
4 min read
Views
3,950
This article is an introduction to creating and incorporating a nonprofit organization and obtain 501(c)(3) tax exempt status. The steps to create a nonprofit organization by yourself are listed at the end of this article. Introduction, Costs of Creating a Nonprofit Organization The first...
Michael Wechsler
3 min read
Views
2,440
This article will help you understand the reasons why people incorporate a nonprofit organization and help you make a decision as whether it is right for you. Should You Incorporate a Nonprofit Organization If you have just started the process of setting up a not for profit company you might...
Michael Wechsler
Updated
3 min read
Views
2,715
People create non-profit organizations (also known as "nonprofit" or "not-for-profit" companies) for a purpose other than the profit of the creators. While the business does have a need and incentive to generate revenue, the primary purpose of the entity is to benefit the members of an...
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