This past Monday and every January, we celebrate and remember the renowned leader, Dr. Martin Luther King Jr., and the ideals he stood for. Dr. Martin Luther King Jr. and the other brave activists of the Civil Rights Movement achieved great heights that extended far beyond tearing down legalized racial discrimination. While there was (and […]
The process of creating a tax-exempt organization is generally viewed as a difficult process and while the individual steps can be daunting and time consuming, the differences between beginning a corporation and beginning a tax-exempt corporation are largely similar. This article will discuss the chief differences that should be noted when starting a tax-exempt corporation as well as briefly address liability issues with unincorporated organizations and LLCs. The focus of this article is on Nebraska and corporations being formed under its laws, however, because tax-exemption is largely a creature of federal law much of the article is applicable to corporations formed in other states as well so long as care is given to address differences in state corporate law.
Article II of the United States Constitution creates the framework for the Executive Branch. Section 1 states the qualifications for the president – must be a natural-born citizen, 35 years of age, and have been a resident of the U.S. for at least fourteen years – while Section 4 states that “the President, Vice President […]