Guest post by Luis Sierra of California Center for Cooperative Development Nonprofits that are exempt from federal tax under Internal Revenue Code Section 501(c)(3) must engage in activities that can be characterized as charitable, educational, or religious. Nonprofits can give money to needy individuals or to other nonprofits, but not to other kinds of organizations. […]
By Kim Arnone Even an unsupported claim of sexual harassment can have a devastating impact on cash reserves, morale, and reputation. While an employer cannot know whether one employee will harass another, the best defense to a sexual harassment claim is being in compliance with the law and taking action when notified of an incident. […]
By Laura Weitzman In California all employers are required to either purchase a workers’ compensation insurance policy from a licensed insurer authorized to write policies in California, become self-insured, or elect exclusion from the requirement to purchase workers’ compensation insurance. Generally, three types of owners will be eligible to elect exclusion: manager-members of a business operating as a […]
B Corp B Corps are not statutory business forms. In fact, any business form can be a B Corp – this is slightly confusing because the name implies you have to be a corporation. In fact a sole proprietorship, partnership, LLC, LLP, co-operative, or any other type of business can be a B Corp. The […]
By John Katovich In a recent New York Times article, The Tyranny of Billable Hours, the veil is lifted on a law firm practice that, even when viewed in the best possible light, exposes the dark side of many law firms’ motives. In my 15 years as a General Counsel at the Pacific Stock Exchange, Boston […]
By Daniel Roberts So, say you own a startup company that’s trying to raise seed funding to create the next great software platform for social change, such as Kiva or Echoing Green. You’ve exhausted all your personal finances, maxed out your credit cards. You’ve already taken on some investment capital from family and friends—now it’s […]
By Christina Oatfield PART TWO If you have tax-exempt and non-exempt legal entities working very closely with one another, using similar names and/or sharing marketing materials, you must be very careful in your communications about these entities and their activities. The key concern of the IRS and state agencies that regulate nonprofit charities is that in […]
By Daniel Roberts PART ONE Our client approached us with a problem: what to do when a company has sold securities through a Regulation D private placement, but violated the requirements of the exemption? When seeking investment capital to scale a business, simple administrative errors can sometimes result in dire—or at least expensive—consequences for the […]
By Christina Oatfield PART ONE Many of our clients are surprised to learn about the intricacies of the laws governing nonprofit tax-exempt organizations. Certain activities that seem to provide a valuable public good according to everyday common sense are not always eligible for tax-exempt status under Internal Revenue Code 501(c)(3). We at K2 find ourselves […]
By Laura Weitzman, Esq. In 2012, the California Supreme Court shed light on the nature of the employer’s duty to provide meal breaks in Brinker Restaurant Corp. v. Superior Court (Brinker), 53 Cal. 4th 1004 (2012). California law requires that employers provide nonexempt employees with a 30-minute meal break for each work period of more than five […]
- Partnerships between Co-ops and Nonprofits October 14, 2013
- Protecting Against Sexual Harassment Claims in California October 11, 2013
- Exclusions from Workers’ Compensation September 16, 2013
- What is the difference between a Benefit Corporation and a B Corp? June 3, 2013
- Do You Know Where Your Legal Fees Sleep? April 22, 2013
- How did Awaken Café raise start up funds from its community? November 12, 2009
- Are cooperative patronage dividends subject to employment tax? June 30, 2009
- Securities Law Exemptions – First in a Series December 28, 2009
- IRS Grants Relief to Certain Small Organizations that Lost Exempt Status June 14, 2011
- High level employees of nonprofit organizations that receive non-monetary compensation could be subject to sanctions! June 18, 2009
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