Is your nonprofit organization a Public Charity or Private Foundation? Every nonprofit organization that qualifies for the 501(c)(3) exemption is either a public charity or private foundation. FOLLOW THE MONEY: Where does your financial support come from? For many nonprofit organizations, the main sources of financial support determine whether the organization will be classified as
Annual Reporting Requirements for Arkansas Nonprofits By August 1st of each year, your nonprofit organization must make an annual disclosure to the Arkansas Secretary of State with the following information: The name of your nonprofit corporation; Your nonprofit corporation’s place of incorporation (ie: Arkansas); The name and address of your nonprofit’s registered agent for service
Charitable, Educational, or Religious? The most common types of 501(c)(3) exempt nonprofit organizations are charitable, educational, and religious. Learn more about these classifications to determine which type applies to your nonprofit organization. CHARITABLE: Charitable organizations conduct activities that promote the following: Relief of the poor, distressed, or underprivileged; Advancement of religion; Advancement of education or
Forming a Corporation for Your Business or Nonprofit WHAT IS A CORPORATION?: A corporation is one of the more complex forms of business organization. Your corporation will be a legal entity, existing apart from its owners or shareholders. As a separate entity, your corporation will have its own rights, privileges and liabilities apart from the shareholders,
You are renting a home that has just been foreclosed upon. What can you do? Bona fide tenants who rent a home that goes into foreclosure are protected by a federal law called “Protecting Tenants at Foreclosure Act” (PTFA). The PTFA was enacted in 2009 and permanently extended on May 24th, 2018. What does this
Partition of Land – Real Property. What does “partition of land” mean? A “partition” occurs when the court determines how to divide land among the parties who own it. When the land cannot be divided fairly, the court orders that the property be sold and the proceeds be divided among the parties. If you and
What is “Owner Financing?” Owner financing, also called seller financing, occurs when a property buyer borrows the purchase price directly from the property seller. With owner financing, the buyer and seller come to an agreement on the purchase price of the home and the terms of the loan. The home buyer will borrow the purchase
How to File an Action for Quiet Title in Arkansas: Please note: the steps provided here are for informational purposes, only. Most Action to Quiet Title cases are complicated and require the assistance of an experienced real estate attorney. 1. Begin by filing a petition entitled “Action for Quiet Title” with the clerk of the circuit
Should you qualify for SSD benefits? If you have applied for Social Security Disability Insurance (SSD) benefits and have been denied, try this FREE SOCIAL SECURITY DISABILITY CASE EVALUATION to see whether you should pursue an appeal. If you are disabled and need help navigating the Social Security Disability system. Contact Deborah at The Hardin Law Firm, PLC,
Action for Quiet Title An Action for Quiet Title is used to establish an individual as the proper owner of real estate property. This lawsuit attempts to prevent others from claiming any ownership of the property in question. The plaintiff (property owner) has the burden of proving that he/she owns the title to the property.