Mixing non-profit and for-profit activities

By Rick Colosimo / June 8, 2020 /

Somebody asked a question about forming two related entities, one for-profit and one nonprofit. The idea was that certain facilities that would be used by the nonprofit could be used in slack time by other businesses paying a market rate. The business model seemed to be that there would be grants for the nonprofit, which…

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Five-minute general counsel: choose a nonprofit entity

By Rick Colosimo / May 11, 2020 /

I recently got an inquiry for someone with an unusual entity selection question. Here it is: “I am in the process of creating a non-profit. Can you please tell me whether you think a non-profit should be an LLC or Corp… and why?” Now, this person didn’t just pull my name out of a hat;…

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Personal: Rick's first fundraiser finishes on 4/9

By Rick Colosimo / April 8, 2011 /

Here’s a short link to one of my other blogs, Watch Rick Train. I’m raising money all year for Reed Academy, starting with the Tough Mudder in Pennsylvania tomorrow and finishing with Ironman Florida in November. My goal is $140,000. This is the start. Thanks for your support; I’ll post updates at the WRT blog.

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Five-minute general counsel: what nonprofits want

By Rick Colosimo / October 15, 2010 /

Nancy Lublin’s column in Fast Company is always interesting, even moreso when I disagree with her. A column from February, “We Really Need to Talk,” (oddly renamed on the web as “Foundations’ Four Biggest Faux Pas”) is a little list of four points she’d make to foundations. To me, they boil down to versions of…

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