Tax Accounting Articles
October 23rd, 2010
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Question: Resignation of Board of Directors members?
Three of us formed a nonprofit corporation, and I am the president of the Board. The other two board members resigned one week after they signed the Articles Of Incorporation and the Bylaws. The state has already issued me a Certificate Of Incorporation, and all tax IDs and bank accounts have already been established. Do I have the right to continue building the organization myself without filling the vacant posts, or am I basically at a standstill until I find replacement board members?
Answer: I would find replacements before continuing. Incorporation’s are tricky…but one thing I do know is no one person can incorporate alone…so you definitely need to find the replacements quick. Any decisions made on your behalf (solely) during this transition should be notarized by a second party (i.e. attorney or certified notary) anything and everything should be on paper or else it never happened. Keep everything up to date and legalized so that when those vacant chairs are filled, the new comers can’t say you added things on a whim. You have to protect your own assets too. Check with your attorney and see what to do at this point. He/she may suggest an alternative for the interim.
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Investment Performance Measurement (Frank J. Fabozzi Series) $72.45 Many investment books include a chapter or two on investment performance measurement or focus on a single aspect, but only one book addresses the breadth of the field. Investment Performance Measurement is a comprehensive guide that covers the subjects of performance and risk calculation, attribution, presentation, and interpretation. This information-packed book covers a wide range of related top… |
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The Student Loan Scam: The Most Oppressive Debt in U.S. History – and How We Can Fight Back $22.95 Alan Collinge never imagined he would become a student loan justice activist. He planned to land a solid job after college, repay his student loan debt, and then simply forget the loans ever existed. Like millions of Americans, however, in spite of working hard, Collinge fell behind on payments and entered a labyrinthine student loan nightmare.High school graduates can no longer put themselves thr… |
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Back to the basics: common gift tax return mistakes.: An article from: The Tax Adviser $9.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on July 1, 2010. The length of the article is 4953 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Back to the basics: common gift t… |
William F. Amann, auditor, dies
Certified public accountant worked for the IRS William F. Amann, a retired accountant and Internal Revenue Service auditor, died of an aneurysm Wednesday at the Sanctuary at Holy Cross Hospice in Burtonsville. He was 94 and had lived in Catonsville and Ellicott City.
McKinney TX CPA Discusses Tax Credits For Employers
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