As I mentioned in my last blog post, we are stepping away briefly from our in-depth analysis of ancient legal codes to a more modern subject. If you are involved in a for-profit business or serve on a non-profit organization’s board of directors, you may have some familiarity with the term “GAAP” but may not...
There’s an upcoming blog series which will be taking a deep dive into the intersection of law and history, so I thought I’d post today about a more practical topic. Let’s get started about a subject most have experienced at some point in safeguarding their biggest investment—their home. Homeowners’ Associations (HOAs) can play a crucial...
Welcome to this law firm’s blog! I am thrilled to embark on this journey of knowledge-sharing and exploration with you, where we will delve into a wide range of topics that touch upon the law’s impact on history, its intersection with society and culture, and practical insights for small businesses and nonprofits. My aim is...
Yesterday’s post discussed the impact of balloon payments for nonprofits in a challenging lending environment. I anticipate many readers are already familiar with the concept of a balloon payment. I have learned that not all people are familiar with the concept, as it is not seen as often in the residential lending segment as it...
In recent times, the real estate market has experienced historically low mortgage interest rates, providing an opportunity for nonprofits to secure affordable financing for their operations. The impact of rising mortgage rates on the housing market dominates much of the headlines and news traffic on this topic, but it will also impact commercial and nonprofit...
Nonprofit organizations play a vital role in addressing societal needs and advancing various causes. To effectively fulfill their missions, these organizations must maintain complete and accurate financial records. In this blog post, we will explore the reasons why nonprofit organizations need to prioritize the maintenance of comprehensive financial records. Fundamentally, nonprofit organizations are entrusted with...
