On November 21, 2022, Governor Hochul signed A9969/S9047 (the “Act”) into law, effective immediately.  The Act amends the New York Not-for-Profit Corporation Law to modernize provisions for electronic voting by unanimous consent, to better address the term length of directors…

Join Carter Ledyard and management consultants Plan A Advisors on a lively exploration of nonprofit boards and bylaws. This multi-part series will help nonprofit executives and board members consider revisions and amendments to make your bylaws more congruent with the…

Carter Ledyard and management consultants Plan A Advisors have launched a series of insights for nonprofit boards and bylaws. The first in this multi-part series aiming to help nonprofit executives and board members is an overview on how to consider…

NYC Salary Transparency Law (City Council Local Law 32), which took effect on November 1, 2022, requires businesses (including nonprofits) in NYC to include a “good faith” salary range in all job postings. The purpose of the law is to…

Effective May 7, 2022, private-sector employers in New York State that monitor or otherwise intercept their employees’ electronic and internet usage and communications must provide notice about that monitoring to their employees. These provisions apply to non-profit and tax exempt…

On March 10, 2022, the Office of the New York Attorney General, Charities Bureau, submitted comments in response to IRS Notice 2021-56 (the “Notice”). The Notice, which was published on October 21, 2021, sets forth current standards that a limited…

On October 21, 2021, the Internal Revenue Service (the “IRS”) published Notice 2021-56. The Notice sets forth current standards that a limited liability company (“LLC”) must satisfy to receive a determination letter recognizing it as tax-exempt pursuant to sections…