Blogs

Business and Financial Services

Structuring, Growing, and Nurturing Your Nonprofit Board

Non-profit organizations are generally governed by a board of directors. The board retains the chief executive officer, sets the organization’s strategy, establishes the budget, and tries to develop resources to meet the missions and strategy of the organization. The board of directors plays a pivotal role in guiding and amplifying the organization’s efforts. The board…

November 8, 2023

Business and Financial Services

The Basics of Nonprofit Governing Documents

This second post in our four-part series explores the basic documents that establish the structure of a non-profit and its governance. It is axiomatic that nonprofits exist to create positive change, serving communities, and advancing societal betterment. Yet, even with the most altruistic intentions, a nonprofit can only succeed when it is built upon a…

October 27, 2023

Business and Financial Services

Laying the Groundwork for an Effective Nonprofit

This is the first part in a four-part series on “Legal Foundations for Starting and Operating a Nonprofit.” Starting a new business is exciting for every founder. Founding a nonprofit adds the layer of creating positive change in the world which adds depth and meaning as well. Meeting the challenge of starting a nonprofit requires…

October 2, 2023

Business and Financial Services

The Road Ahead: Reimagining the 8(a) Program and Federal Contracting

This is Part 3 in a Three-Part Series. Read Part 2. The recent ruling on the Small Business Administration’s (SBA) 8(a) program has stirred much debate and speculation. With the blanket assumption of social disadvantage based on race or ethnicity overturned by a Tennessee Federal District Court, a new path for the program’s future awaits.…

September 6, 2023

Business and Financial Services

The SBA’s 8(a) Program: Interim Guidance, Future Directions, and The Promise of Economic Growth

Following the U.S. District Court for the Eastern District of Tennessee’s recent decision, which impacts the 8(a) Business Development Program’s administration criteria, the Small Business Administration (SBA) released interim guidelines. The challenge now facing the program lies in ensuring that eligibility criteria remain true to its mission while adhering to the court’s mandate. Navigating the…

August 28, 2023

Business and Financial Services

Understanding the Controversy: The 8(a) Program and the Federal Court Ruling

The U.S. Small Business Administration’s (SBA) 8(a) program, established to support and foster growth among socially and economically disadvantaged businesses, has found itself in the eye of a storm. A recent ruling by the U.S. District Court for the Eastern District of Tennessee has reshaped how the SBA will approach its pivotal 8(a) program, particularly…

August 24, 2023

Business and Financial Services

Representations and Warranties in M&A Transactions: Minimizing Risks and Maximizing Deal Value

In the world of mergers and acquisitions (M&A), representations and warranties are the backbone of a successful transaction. They are designed to protect both the buyer and the seller by allocating risks and ensuring that the deal value is maximized. In this blog post, we will explore the importance of representations and warranties in M&A…

May 18, 2023

Business and Financial Services

Fair Use or Foul Play? Navigating the Complexities of Copyright Fair Use in the Digital Age

In today’s digital landscape, the concept of fair use in copyright law has become increasingly critical for businesses and individuals alike. The line between permissible use and infringement can be blurry, making it essential to understand the intricacies of fair use to avoid potential legal ramifications. Fair use is a legal doctrine that allows…

May 3, 2023

Business and Financial Services

Data Security in the Technological World

In today’s digital age, data security is a critical concern for individuals, businesses, and governments alike. With the increasing use of technology, the risk of data breaches, unauthorized data access, and theft of sensitive information has become a major concern for organizations of all sizes. At Bean, Kinney & Korman, we often advise clients on…

February 16, 2023

Business and Financial Services

M&A Market Impacts to Expect in a Recession

A recession is a period of economic downturn that can have significant consequences for businesses of all sizes. Mergers and acquisitions (M&A) activity is often one of the first areas to be affected during a recession, as Buyers become more cautious about making large financial commitments and face challenges in financing new acquisitions. In this…

February 10, 2023