Board of Directors

Corporate Formalities: do I need a resolution for that?

I found this question on one of the community boards that I watch.   I have a newly formed corporation. I’m putting everything together for our first meeting, and I have found several examples of resolutions to adopt for the issuance of stock. Do I also have to have a separate resolution to create the [...]

Why do we need a conflict of interest policy?

The IRS explains, in simple terms, the purpose of a conflict of interest policy: Charitable organizations are frequently subject to intense public scrutiny, especially where they appear to have inappropriately benefited their officers, directors, or trustees. The IRS also has an oversight role with respect to charitable organizations. An important part of this oversight is [...]