In the current challenging environment, many public charities are evaluating the potential for collaborative efforts including, in some cases, a merger or consolidation.
Most importantly, if a Massachusetts public charity merges or consolidates then the surviving corporation must also be a public charity governed under M.
The proposed amendments would retain the consolidation guidance under Subtopic 810-20 by adding it to Subtopic 958-10.
Per the proposal, nonprofits acting as general partners will continue to be assumed to oversee a for-profit limited partnership irrespective of ownership interest unless that assumption is overcome.
In many cases, the amount you pay every month will be less than if you paid to each bill separately.
Often your counselor can even reduce your interest rates and eliminate extra fees, like over limit and late charges, through the debt consolidation plan.