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New credit agreements are subject to status. | The Global Dispatch


New credit agreements are subject to status.
The smallest of nonprofit organizations with a yearly revenue of $5,000 or less do not need to declare themselves to the IRS, so if they were known about and included in the statistics, there would be far more nonprofit organizations in existence than are currently known about.The biggest problem for nonprofit organizations is when the IRS moves the goal posts for tax-exempt status. The only way to use an LLC to hold assets for a Non-Profit Corporation is to have the LLC be a qualified subsidiary of the Non-Profit Corporation. To do this the LLCs sole member would be the Non-Profit Corporation, and the LLCs management would only be permitted to engage in activities permitted of its parent non-profit corporation. This member managed single member LLC must be controlled by the Non-Profit corporation parents same directors and officers (See IRC Reg (link). (a) The Company is validly existing as a corporation under the laws of the Stat ....

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Technomic features industry-leading foodservice and adult beverage guest speakers at January conference


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CHICAGO, Jan. 28, 2021 /PRNewswire/  Technomic hosted its January Planning Program meetings virtually, with more than 900 manufacturers in attendance. The program s biannual meetings provide updates on the economy, industry, menus and consumers, assisting suppliers with strategic planning.
The meeting s theme was Reinvent, providing an in-depth exploration of key topics that will matter most for success in a post-pandemic environment. In addition to proprietary Technomic research, content was shared from industry-leading speakers, including David McPhillips, director of beverage strategy and innovation at Buffalo Wild Wings; Federico Valiente, director of marketing at Pollo Campero; Lance Reynolds, senior manager of the restaurant operations consulting group at US Foods; and Dave Miesse, CEO at Association for Foodservice Distributor Representatives. ....

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