I am thinking of starting a new 501(c)(6) trade association and providing all of the initial funding, but I would like to get it back when the association is able to pay it. Someone told me that any payment to me would be considered a preferential payment and could jeopardize the organization’s exempt status. Is that true?
February 16-28, 2010
February 16, 2010 to February 28, 2010
Court says volunteer directors, including one paid as consultant, are not personally liable
Court says demand letter causing association to incur legal fees is sufficient “cause” for removal
PA Court narrows in pari delicto defense where auditors conspired with officers to produce false statements
To the Point
Lessons from Litigation