While the CTA primarily targets for-profit businesses, it’s estimated that 2.4 million nonprofits will be impacted by the new legislation. The CTA aims to combat money laundering, terrorism financing, and other illicit activities by mandating the disclosure of beneficial ownership … Read more

The post Understanding BOI Reporting Requirements for Nonprofits Under the CTA appeared first on Blog | Harbor Compliance.

Most states require specific charitable organizations to submit audited financial statements each year. These audits are required in connection with charitable registration. This means organizations who solicit in multiple states must comply with numerous state audit requirements. The specific threshold … Read more

The post New Mexico and Mississippi Ease Audit Thresholds for Nonprofits appeared first on Blog | Harbor Compliance.

The California Secretary of State has announced a temporary waiver of filing fees for many new corporations, LLCs, nonprofits, and other organizations. The stated purpose of the waiver is “to encourage business growth in California.” The recent enactment of California’s … Read more

The post California Temporarily Waives Filing Fees for Corporations, LLCs, Nonprofits, and Others appeared first on Blog | Harbor Compliance.

Updated March 2022

Annual reports are entity information updates due to the secretary of state on a predetermined, scheduled basis according to the statutes and rules of each state. Business entities, such as LLCs, corporations, and nonprofits, must file annual … Read more

The post Everything You Need to Know to File Timely Annual Reports appeared first on Blog | Harbor Compliance.

The July 1, 2021 decision by the Supreme Court of the United States (SCOTUS) in Americans for Prosperity Foundation v. Bonta has started a ripple effect in the world of charitable solicitation regulation. 

Nonprofits should expect charitable solicitation registration requirements … Read more

The post Nonprofit Sector Update: NYS Suspends Schedule B Requirement and More appeared first on Blog | Harbor Compliance.

The post Get Ready for 990 and Fundraising Registration Renewals Due May 15! appeared first on Blog | Harbor Compliance.

As organizations grow, what worked in the past doesn’t always fit with present needs or future plans. Maybe it’s a name that no longer adequately describes what they do, or revenue has grown to the point where a new structure … Read more

The post Conversion & Domestication: Changing an Entity’s Structure or Home State appeared first on Blog | Harbor Compliance.

Moving is never fun. And when it’s your nonprofit that’s moving, the process is even more taxing. Failure to change an address or doing so in the wrong way may seem like a simple oversight, but can have significant implications … Read more

The post Changing Your Nonprofit’s Address: A Comprehensive Guide appeared first on Blog | Harbor Compliance.

In every state where your business or nonprofit is registered to operate, you must appoint a registered agent to receive notices of lawsuits and other official state documents for your organization. A registered agent must have a physical address … Read more

The post Registered Agents and Business Addresses appeared first on Blog | Harbor Compliance.

If your organization has invested in meeting all of your state charitable registration requirements, congratulations! By simply registering, you’ve already demonstrated your commitment to transparency in the nonprofit sector and accountability to your donors. You may, however, still be wondering … Read more

The post Six Things to Do Once Your Nonprofit Has Registered for Fundraising appeared first on Blog | Harbor Compliance.