Wikipedia defines a “social enterprise” as “any for-profit or non-profit organization that applies capitalistic strategies to achieving philanthropic goals.” The concept has been getting quite a bit of attention recently–without a doubt, for good reasons. Within the past few years, the Low Profit Limited Liability Company (“L3C”) and the Benefit […]
Startup and growing companies often use deferred compensation as an effective way to attract and retain important employees. Unfortunately, this process has been complicated by a recent tax change that significantly penalizes a broad range of “non-qualified” deferred compensation plans. Under Section 409A, deferred compensation which does not meet certain […]