Category: Corporate Structure
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
