Following a statewide ban on employment non-compete agreements that went into effect in 2023, a new Minnesota law that took effect on July 1, 2024, has expanded the state’s limitations on restrictive employment covenants, now...more
12/17/2024
/ Effective Date ,
Governor Walz ,
Health Care Providers ,
Healthcare Facilities ,
Management Agreements ,
New Legislation ,
Non-Solicitation Agreements ,
Professional Services Contract ,
Restrictive Covenants ,
Staffing Agencies ,
Third-Party Service Provider
One of the best things that a family foundation’s governing board can do is embark on a “Wellness Check” of the foundation. A Wellness Check is a review of the foundation’s compliance with state and federal law, filings, key...more
In this multi-part series, we highlight strategic steps that nonprofits can take to build organizational resilience in three different phases of its life cycle—in times of health, when beginning to experience financial or...more
10/3/2023
/ Bankruptcy Code ,
Chapter 11 ,
Chapter 7 ,
Court-Appointed Custodians ,
Creditors ,
Debt Restructuring ,
Financial Distress ,
Liquidation ,
Nonprofits ,
Public Communications ,
Receivership ,
Reputation Management ,
Restructuring ,
Strategic Planning
In this multi-part series, we highlight strategic steps that nonprofits can take to build organizational resilience in three different phases of their life cycle — in times of health, when beginning to experience...more
In this three-part series, we highlight strategic steps that nonprofits can take to build organizational resiliency in three different phases of its life cycle — in times of health, when initially experiencing financial or...more
On April 23, 2020, the IRS published new proposed regulations with guidance on how nonprofits should calculate their unrelated business taxable income, or UBTI, for separate trades or businesses. This long-awaited guidance,...more
The U.S. Department of Education has announced that more than $6 billion is now available to higher education institutions to cover costs associated with significant changes in moving to a remote learning environment due to...more
Approximately $14 billion in grants will be distributed to U.S. colleges and universities that are working to weather the significant financial strain and operational disruption caused by the COVID-19 pandemic. These funds...more