Posts by Audrey Chisholm
The 3 Types of Financial Statements
There are three primary types of financial statements: an income statement, a balance sheet, and a statement of cash flows. Each of these statements is incredibly important to have for your nonprofit and can benefit your organization. Here is a brief overview of the three types of financial statements. Income Statement, or the Profit &…
Read MoreKeep Legal Records that Meet IRS Standards
There are several key documents that you want to have accessible at all times as it relates to your nonprofit. These documents are the foundation of good record-keeping as it relates to running a nonprofit. Here are 9 of the legal records that you need to keep to meet IRS standards. Articles of Incorporation This…
Read MoreWhy You Shouldn’t Have Multiple Nonprofits Within an Umbrella Nonprofit
Having multiple nonprofits under an umbrella nonprofit may seem like a good idea. This is because the parent organization, or the umbrella, may provide resources to the smaller organizations. Many people ask if they could have multiple nonprofits under an umbrella nonprofit. Let me answer this frequently asked question about starting your nonprofit. Have you…
Read More18 Ways to Overcome a Trademark Application Refusal
The Trademark Application Process Many people mistakenly think that the application process is complete after you submit your trademark application. This could not be farther from the truth! Instead, one of the most important parts of the application process begins after you have submitted your application. This is the part where you have to respond to the examining attorney’s…
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