In this article, Lakshmi Sarama Ramani, a member of our Washington D.C. area team, explores non-profit executive compensation and the IRS parameters relating to it, highlighting the Board's fiduciary duty to ensure that such compensation is reasonable and within the best interests of the organization.
Washington D.C.-based member Lakshmi Sarama Ramani tackles the perennial subject of nonprofit board fiduciary duties in her latest ACC Docket article. Read on to refresh your understanding of these important responsibilities and the consequences of failing to fulfill them.
In her latest ACC Docket article, Outside GC's Lakshmi Sarma Ramani discusses the use of prize promotions, such as sweepstakes and contests, by nonprofit organizations, highlighting their obligation to comply with federal and state prize promotion laws despite being exempt from other tax laws.
Outside GC's Lakshmi Sarma Ramani regularly advises nonprofit organizations on a wide range of legal and business issues. In her latest ACC Docket article, Ramani reminds nonprofits to be mindful of their anticorruption responsibilities in the U.S and abroad, including those arising under the U.S. Foreign Corrupt Practices Act (FCPA).
In her latest ACC Docket article, Outside GC attorney Lakshmi Sarma Ramani reviews U.S. state fundraising regulations which apply to nonprofit organizations and their corporate partners.
Nonprofit legal departments can expect changes in 2019 due to new federal and state laws passed last year. Lakshmi Sarma Ramani, a member with our Washington D.C.-based team, offers an overview of the key issues that may impact nonprofits in her latest ACC Docket article.
In this timely ACC Docket piece, Lakshmi Sarma Ramani (Washington D.C.-area team) reviews the IRS rules related to general lobbying and political campaign activity which apply to tax-exempt organizations.
Tax-exempt organizations must become increasingly aware of the regulatory landscape in which they operate. In this ACC Docket article, Lakshmi Sarma-Ramani, a Member with our Washington D.C.-based team, provides an overview of state oversight areas that carry registration or reporting requirements.
