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Every day, your nonprofit accepts donations and spends money toward your mission. Instead of spending hours poring over individual transactions, you should generate financial statements for the nonprofit. Read Chisholm Law Firm’s blog to learn more about financial statements.  What are financial statements? Financial statements are scorecards that let you view the health of your…

Raising money has always been a potential source of liability for nonprofit organizations. If you’re planning to solicit donations, you need to register to fundraise. Read Chisholm Law Firm’s blog to learn more about fundraising registration. What is Fundraising Registration? Generally speaking, if your 501c3 nonprofit wants to ask people or organizations in a particular…

You Need a Registered Agent To form your nonprofit, you will be required to list a registered agent. This person is in charge of accepting legal paperwork on behalf of your nonprofit if you are sued. To learn more, read Chisholm Law Firm’s blog to learn more. What is a Registered Agent? The registered agent…

Do You Have to Show Financial Records? A question I am often asked by nonprofits is whether or not you have to show people your financial or other nonprofit records when asked. While you may have to share some items, you don’t have to share everything. Read Chisholm Law Firm’s blog to learn more. The…