As a tax-exempt organization, your business goals are likely not profit-driven, but they are purpose-driven. That’s fantastic and truly why your organization is authentic with heart and impact! However, adopting a financially competitive mindset can lead to more and better services provided, which leads to more lives being changed. The following are key ways to stay ahead of the financial curve:
How Brexit May Affect Your Company
Two years have passed since Britain voted to leave the European Union (EU), and it is creating an uncertain atmosphere in the EU as well as around the world. While a majority of the document has been agreed to by both parties, some major sections are still uncertain, which is drastically reducing the amount of investments made in the UK. The British government wishes to keep visa-free travel with other countries of the EU, yet whether this is reciprocated is unclear.
Play-Doh recently received approval for its trademark on the Play-Doh scent, a distinctive smell that brings back childhood memories for many of us. If any competitors produce a modeling clay that smells too much like Play-Doh, they could be putting themselves at risk for a lawsuit. That scent now has the full protection of the United States Patent and Trademark Office (USPTO).
As your company grows, the time will arrive when you need to consider the next step for the company. This could mean expanding your company to a new location. One of the first decisions you must consider is the demand you seek to fill in your target market and how you want to structure your expansion. When considering the structure, you want to consider if it would make the most sense to have a branch or a subsidiary. To make this determination, we must consider what would be the differences between the two.
In the age of the internet, the world is at your fingertips. Business transactions can cross thousands of miles in a matter of seconds when using online platforms. For nonprofit organizations who take advantage of this connectivity, the opportunities for growth are endless.
What is it?
On May 25th, 2018, a new law concerning privacy and data protection will come into effect in the European Union. The Guardian calls it the “biggest personal data shake-up since 1995.” The GDPR updates the 1995 European Union Data Protection Directive to apply to the advances in technology that many consumers rely on today. Overall, the legislation requires companies to adopt greater transparency when handling individual data. It also transfers much of the decision-making power from the companies to the consumers.
You began your organization with a mission. You provide services or aid to a target population. Whatever your charitable purpose, you are driven by a desire to see change. After establishing your organization, ensuring governmental compliance, building a network of sustainable donations, and seeing your work create change in your community, what’s next?
Your organization may be ready to grow internationally. This ambitious goal requires preparation. Here are five keys to expanding your non-profit abroad.
On December 20, 2017, the U.S. Congress passed one of the most significant overhauls of the U.S. tax code in more than forty years. The tax reform act (formerly known as the Tax Cuts and Jobs Act or the “Act”) has far reaching effects on businesses in the U.S. as well as those abroad. We will highlight ten key areas of the new law and its effect on your U.S. based business.
Gonzalo Law’s core values are driven by their passion to make a difference in the community. In conjunction with NUMA Speed & Performance in Gainesville, FL., they recently awarded the Gonzalo Law Bright Future’s Scholarship to a local high school student.
The Gonzalo Law Bright Future Award is in partnership with NUMA Speed & Performance Owner, Tim Montgomery, a former two-time U.S. Olympian in track and field. NUMA Speed stood out as a partner because of their unique training and focus in comparison with other gyms. Their training is driven by young high school, college, and professional athletes with goals to perform better in their sports, to obtain college scholarships, and more. Tim focuses on speed training and rigorous athletic conditioning for all of his athletes.
If you have recently started a business or are in the process of growing it, it is likely that you are looking for additional businesses and organizations in which to work with and from which to purchase goods. With over 300,000 wholesale distributors in the United States, the question arises, “Where are the best places to look for additional business?”