Blog Posts

Why You Need Donation Receipts One of the best ways to protect you and your nonprofit is to handle all donations correctly. An essential part of receiving donations is to create donation receipts! Read Chisholm Law Firm’s blog to learn more. What are donation receipts? A donation receipt is proof that someone donated to your…

The Importance of Financial Statements 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…

The Importance of Fundraising Registration 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…

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…

Why I Wrote My Book After Starting My Nonprofit My goal for writing my book was simple. I learned the importance of starting your nonprofit the right way after I learned the hard way. If you want to read more about why I, Audrey Chisholm, wrote my book, continue reading my blog.  Since I started…

What’s the Difference between Trademarks and Copyrights? Trademarks and copyrights are both terms that you’re probably familiar with. However, there are some differences between what they are and what they cover. Read Chisholm Law Firm’s blog to learn more about the differences between trademarks and copyrights. What is a trademark? A trademark is a symbol…

4 Steps to Receive a Salary from Your Nonprofit One of the most common misconceptions about nonprofits is that nonprofit founders are unable to receive salaries. This idea is untrue! Read our blog to learn four steps to receive a salary from your nonprofit. Take the First Steps to Getting Paid to Run Your Nonprofit…

Financial Paperwork is Vital for Your Nonprofit You must do a few things regarding accepting donations to protect yourself from financial liability. You’ll need to craft financial paperwork, like donor contribution statements, donor receipts, and donor agreements.  Donor Contribution Statements Technically, the IRS requires a contribution statement for donations over $250 or if you provide…

Annual Filings You Must Complete Every Year A critical part of running or managing a nonprofit is ensuring that you are current with your annual filings. Although you can hire someone to handle it for you, it is good to understand the basics of what you will be filing. Read on to see the annual…

6 Easy Ways to Recruit Volunteers An important part of starting your 501c3 nonprofit will be assembling a team of volunteers to help you execute your vision. Volunteers can be a huge benefit because they provide you with a team that can carry out various projects and initiatives. That’s why it’s vital to recruit volunteers.…

Find the Time to Start Your Nonprofit There are people with the same 24 hours a day that you have who find the time to start their nonprofits while juggling work, relationships, children, and more. What is their secret? Read on to see Chisholm Law Firm’s recommendation on how to find the time to start…