A joint venture is a relationship between two parties who team up to pursue specific goals by contributing their share of funding and services. Such strategic alliance focuses on a single project of limited duration. Profit-making may not be its primary objective. Many joint ventures are formed to accomplish a specific goal, for example, undertake […]
Key Differences Between a Joint Venture and a Partnership Read More »
Setting up a nonprofit entity under state law is only the first step on the long road to obtaining a 501(c)(3) status and tax exemption from the IRS. The entire process can take several months. After the new entity is formed under state law, the organization must submit an application for tax-exempt status on IRS
A Long Way to Nonprofits Status Read More »
Signing a letter of intent to sell a business is a big step for a business owner. However, before the proverbial ink on the LOI dries up, the due diligence process begins, and many businesses need to prepare for the depth of the examination that follows. While business owners often dread the process, they should
So You Signed an LOI to Sell Your Business – Now What? Read More »
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