Board meeting minutes are standard protocol for board director meetings and they serve a variety of purposes. Most often, meeting minutes serve internal purposes, such as recordkeeping and institutional memory, for the board and the rest of the organization. Less…
Taking meeting minutes is a routine process, but it’s important not to underestimate the importance that meeting minutes play in corporate board work. Under certain circumstances, meeting minutes may play a crucial role in government investigations, civil litigation about decisions…
The Nonprofit Revitalization Act is a New York State law that was passed in 2013. It was the first attempt at revising the New York State Not-for-Profit Corporation Law (NPCL), which had been untouched for over 40 years. The Act…
Since the passage of the Affordable Care Act (ACA), the healthcare industry has been undergoing more major changes than almost any other industry. The changes that ACA brought with it have caused healthcare systems to make major changes in how…
Boards of higher education institutions may be called by different terms and have slightly different underlying structures depending on whether they’re an independent college or university, nonprofit institution or public institution. The names of the governing bodies may include board…
In looking ahead toward an initial public offering (IPO), corporations need to be prepared for the vast amount of time and expense that comes with taking a company public. Fees and expenses can run from millions of dollars up to…
Communication is a two-way street. As financial partners, it’s ultra-important for entrepreneurs to keep in continual communication with their investors. That means that entrepreneurs need to be at the top of their game, knowing all of the facts and figures…
Getting investors to work with your startup is just the beginning of the entrepreneur/investor relationship. Even though you’ve worked harder than you dreamed possible to secure the necessary funding for your operation, there’s no time to rest on your laurels.…
It’s easy to get caught up in the excitement of starting a new business and not realize how much it really costs to get things up and running well. Most entrepreneurs find that it costs more money and more time…
Most organizations have a business plan whether they need one or not. Some business plans are simple and may even exist only in a business owner’s or board director’s mind. Other business plans are complex and evolving. Creating a business…
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