Nonprofit organizations need to make special considerations when determining fair and reasonable compensation for nonprofit executives, managers, founders, or board members (“Insiders”).Read More
Prior to wrapping up the firm’s weekly all-hands lunch meeting, we invite each other to share a gratitude with one or more members of the team. On any given day, one could feel grateful to loved ones, colleagues, mother nature, or simply life itself. Quite often, our team members extend gratitude to one another –...Read More
Catalyst Law is thrilled to share that the firm is now a Certified B Corp! We are dedicated to serving our values-driven clients with high-quality and friendly legal services, while at the same time positively contributing to our community, remaining mindful of our impact on the environment, and ensuring that our firm’s practices are consistent...Read More
I. Form of Ownership. A good estate plan should include a review of how your assets are titled. The form of ownership can affect the availability of estate tax exemptions, creditors’ rights, and which document controls how the asset is distributed at your death. II. Last Will and Testament. A written Will is a legal...Read More
Choosing a Legal Structure for Your Social Enterprise At Catalyst Law, we define a “social enterprise” as any organization that has elements of “doing well financially by doing good.” Under this definition, social enterprises can take many forms – from strictly for-profit businesses to nonprofit organizations, with several options in between. This six-part series will...Read More
A “zebra company” is one whose business model strives for both purpose and profit. We’re thrilled when we have an opportunity to help zebra companies develop the legal structure they need to have a dual-impact mission. And we are proud to be a zebra company ourselves, dazzling* brightly with the other zebra companies we know. At...Read More
Benefit companies now enjoy a new tax advantage over traditional corporate entity types. In October 2016, the IRS announced that benefit companies’ advertising expenses are deductible as a business expense, even when the payment is made to a nonprofit organization.[1] In 31 states, businesses have the option to incorporate a business as a “benefit company.”...Read More
Common Reason #3: I do not have enough time or enough money to hire an estate planning lawyer. Q: How much do you pay your financial planner on an annual basis? A: You either pay by the hour, or you pay at least 1% annually based on your total assets under management. For example, if...Read More
Common Reason #2: I do not want to contemplate my own death It is difficult to think about one’s own demise, but whether you plan for it or not, eventually someone will need to sort out your estate. If you do not put a plan in place, state law dictates what will happen with your assets...Read More
Knowledge is power. Information is liberating. Education is the premise of progress, in every society, in every family.
Kofi Annan
The information provided on this blog is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and timeliness of all content, laws change frequently and may vary by jurisdiction. You should not act or rely on any information found on this site without first seeking the advice of a qualified attorney who is familiar with your specific legal situation.
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