nonprofit law - Palermo Business Law Firm

Corporation or LLC: Which Form is Best?

Corporation or LLC: it’s a question I get all the time. The answer is not so simple as going down a checklist though. You need to consider who will be making decisions, how profits will be split, what your personal tax situation is, and asset […]

November 19, 2018November 21, 2022

Commercial Lease basic elements – there is no “standard” lease

In 25 years working with businesses of all sorts, I’ve never seen a “form” or “standard” or “basic” commercial lease. Don’t let anyone tell you otherwise, especially the landlord trying to convince you to sign a lease without reading it or negotiating key terms. Every […]

July 26, 2018November 14, 2022

Vendor Contract: What are the basics?

Contract Basics: What Should Be In Every Vendor Contract? Some critical elements such as price, quantity, quality, delivery terms, warranty terms. How to get paid, of course, and where the contract is to be performed. For this and all your businesses legal needs, call me […]

November 24, 2017November 14, 2022

Legal Insights: Does your 501(c)(3) Not For Profit Have to be a 501(c)(3)?

“Not for profit” and 501(c)(3) seem to go hand in hand. But something interesting popped up on my radar the other day, it turns out that not every “not for profit” needs to qualify for tax exempt status under the Internal Revenue Code section 501(c)(3) […]

November 28, 2016November 14, 2022