If you’re considering starting a nonprofit or charitable organization, one of the first questions you may ask is, “Where do we begin?” From entity formation and tax-exempt status to governance and financial reporting, there are several important steps to consider before opening your doors and serving your mission.
The One Big Beautiful Bill Act (OBBBA) includes significant updates to federal Form 1099 reporting requirements that will affect tax-exempt organizations, volunteer organizations, charitable foundations, chambers of commerce, and other nonprofit entities that engage independent contractors and service providers. Beginning with payments made after December 31, 2025, the reporting threshold for Forms 1099-NEC and 1099-MISC…
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Effective July 1, 2026, Florida enacted one of the most significant updates to its nonprofit corporation law in decades. CS/CS/HB 797 substantially revises Chapter 617, Florida Statutes, modernizing the state’s nonprofit framework and aligning it with the American Bar Association’s Model Nonprofit Corporation Act, the model already adopted in 37 states. The changes do not…
