Category: Contracts & Commercial Transactions
Business Interruption Insurance for Nonprofits – Is COVID-19 Covered?
BLUF – Nonprofits should review the language of their business interruption insurance policies and provide notice to their insurance company of any potential claim due to property affected by COVID-19. Generally, business interruption insurance protects an organization against lost income due to … read more
Coronavirus and Your Event – What Happens if You Have to Cancel?
With the rapid spread of the new coronavirus (COVID-19), life has been disrupted in a variety of ways. Conferences and events have been canceled around the world while international travel has been cut back by many organizations. What should you do if … read more
Sole Member Nonprofits Complicate Directors’ Fiduciary Duties
Nonprofit board members face special challenges when a corporate entity is designated the sole member of nonprofit. As evident in recent legislation enacted in New York State at the end of 2018 that prohibited individuals from being the sole members of New York … read more
From Startup to Growth Company – Five Factors For Success
In his novel Anna Karenina, Tolstoy declares “Happy families are all alike; every unhappy family is unhappy in its own way.” This famous opening line suggests that there are common elements for a successful family; on the flip side, there are countless … read more
Startup Alert : Key Agreements Every Startup Should Have
Essential Documents Having founded and run several startups, I understand the challenge of focusing on the mundane details related to corporate formation and governance. But as an attorney, I can’t understate the importance of insuring that these foundational documents are tailored to … read more
Event Contracts for Nonprofits – When to Push Back
Many nonprofit organizations host signature events that are fundamentally important for the organization’s mission. For some nonprofits, an annual fundraising gala provides the bulk of the nonprofits’ funding for the coming year. For others, conferences may provide essential opportunities to further their … read more
IRS Declares War on Commercial Charities
This quarter, the IRS released the latest in a series of tax-exemption denials based on the presence of too much commercial activity by a charity applying for 501(c)(3) status. However, unlike other rulings regarding “commercial charities,” which have generally denied or revoked … read more
New Legal Developments Affect New York Organizations Using Independent Contractors
Yoga Instructors May Be Independent Contractors On October 25, 2016, in the Matter of Yoga Vida NYC, a decision sure to have rippling effects through many industries, the New York State Court of Appeals–the highest court in New York State — ruled … read more
