Can a non-profit give a financial loan to a person on their board of directors?
I have to agree with the other attorneys here. I am not clear why this was setup as a loan when it was to pay for what appears to be a business...
Utica, NY
Limited liability company (LLC) Lawyer at Utica, NY
Practice Areas: Limited Liability Company (LLC), Business, Corporate & Incorporation
I have to agree with the other attorneys here. I am not clear why this was setup as a loan when it was to pay for what appears to be a business...
Yes, assuming you are operating a not for profit program, you should definitely incorporate both for liability protection and to be able to obtain...