Author Archive | Rebecca Bowen

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When Estate Plans and Shareholder Agreements Collide

By on December 8, 2014

The Virginia Supreme Court recently provided a reminder of the importance for small business owners to coordinate their estate plan with a shareholder agreement or other corporation, partnership, or limited liability company agreements. In Jimenez v. Corr, 2014 Va. LEXIS 153 (Oct. 31, 2014), the Court addressed whether the disposition at death of the shareholder’s […]

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IRS Releases Form 1023-EZ for Certain Nonprofit Organizations

By on July 23, 2014

The IRS recently issued Form 1023-EZ for use by certain nonprofit organizations applying for tax-exempt status under Section 501(c)(3). With the IRS’ tax-exempt unit under recent political scrutiny, a nonprofit organization filing the regular Form 1023, Application for Tax-Exempt Recognition, can expect to wait for several months or even a year for approval. The goal […]

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