June 2018 Archives

When seeking grants, tread carefully

Grants, both federal and private, are indispensable to nonprofit organizations. They can fund a project, facility upgrade or simply the day-to-day costs of operation. As a nonprofit manager, you probably know how crucial – and competitive – grants are.

Suggestions for effectively managing a non-profit organization

While the idea of beginning a non-profit organization is appealing to many people, running a successful organization is an entirely different story. Non-profit organizations have unique laws they must abide by and certain characteristics that are important to recognize in order to successfully operate. When people are interested in creating a non-profit, they will benefit from having a basic education about general best practices for managing their organization. 

How can you be an ideal stepparent?

Getting out of an unhealthy relationship can be challenging and leave you wondering if your life will ever be quite the same. Then, you meet someone special and begin to enjoy a new, exciting and rewarding relationship. However, with this adventure comes a new set of challenges as your significant other has children of their own. Now, your mind begins to flood with questions of how to be an ideal stepparent without coming on too strong or appearing insincere.

Protecting finances and long-term security during a divorce

When people decide to get divorced in Tennessee, one of the major hurdles they will face is separating their finances, reassessing retirement accounts and benefits, and reestablishing financial independence. Individuals who take a proactive approach to getting their finances in order and modifying their spending habits to reflect their relationship changes, will most likely face a much more successful financial future than those who do not. 

What should I do to prepare my small business for sale?

As a small business owner in Tennessee, there may come a time when you decide to sell your business. The process may seem as if it will be easy. You find a buyer, they pay you money and the business is sold. However, it is not that simple. There are actually numerous things you have to do to prepare for the sale.

The right way to encourage compliance among your employees

When you are building your business and beginning to hire employees, one of your biggest concerns will be developing a team of like-minded individuals who are committed to protecting your intellectual property and representing your brand in the best way possible. One of the most critical ways to do this is to implement protocols and policies designed to encourage compliance. At Fidelis Law, PLLC, we have helped many business owners in Tennessee to draft and finalize important compliance-related documents. 

Creating a well-written contract that provides value and benefits

For churches in Tennessee, the value and presence of written contracts is important to provide protection to the organization's fundamental components. With clearly articulated guidelines in place, church facilities can operate with the confidence that their agreed-upon terms are being honored. 

Keeping your nonprofit legal while raising money

Starting a nonprofit takes a lot of effort--you have to file with the IRS, create articles of incorporation, set up a board of directors, enact bylaws and deal with myriad other details. But say that's all taken care of. You're ready to start accepting donations now, right? On to the mission!

How a new tax law could alter prenuptial agreement clauses

When young couples are preparing to wed in Tennessee, one of the last things they feel like addressing is a prenuptial agreement. However, this decision can be valuable in creating some agreements designed to protect both parties in the event of a divorce. Once an agreement is made and signed, it seems unlikely that the meaning could change over time, but it can happen in certain circumstances. 

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