Ohio MBE

My Daddy Said . . .

by Ambrose Moses, III

  Each year we celebrate Father’s Day.  So, I want to give a shout out to the fathers out there who are making things happen.  Fatherhood is important, fun, scary, and often times challenging.  I have been blessed with three beautiful children. There are some things that my children absolutely know. . . .They are [...]

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IRS Revokes Tax Exempt Status for 275,000 Nonprofits

by Ambrose Moses, III

A few years ago, Congress passed a law requiring all tax-exempt organizations, even the smallest ones, to file an annual return with the Internal Revenue Service.  Any organization that does not file for three consecutive years automatically loses its federal tax exemption. Churches and some church-related organizations are among the few exceptions. Well, last week, [...]

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Community Economic Development

by Ambrose Moses, III

  So, what is community economic development? Community Economic Development (CED) is action taken locally by a community to provide economic opportunities and improve social conditions in a sustainable way. Often CED initiatives aim to improve the lot of those who are disadvantaged. An aspect of “localizing economics,” CED is a community-centered process that blends [...]

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What Is An LLC?

by Ambrose Moses, III

When evaluating choices for business entity structures, we often compare them in terms of ownership, liability, and tax treatment. One of the simplest, most flexible business entities available in the United States is the Limited Liability Company, or the LLC.  A LLC provides limited liability to its owners (who are technically called ‘members’).  This means [...]

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Ten Tips for Making Solid Business Agreements and Contracts

by Ambrose Moses, III

  Consider these guidelines to make an enforceable, plain-English business agreement or contract. (Please use common sense. If you need a lawyer, hire a lawyer. You may even hire a lawyer to review what you created.) 1. Get it in writing. Although oral agreements are legal and binding in many situations, they’re often difficult to [...]

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It’s About More Than Money

by Ambrose Moses, III

If money is all you want, there will never be enough of it and you will never be happy.  You have got to be about more than that. -J. Bruce Llewellyn You and your business matter.  I urge you to be the difference you want to see in the world, your country, your city, your [...]

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