VIDEO Q&A for Subscribers: May 2025
Ben and Mike answer questions from subscribers about the role of legal counsel in leading updates to an organization’s employee handbook, the best time to start planning for the end of an office lease, transitioning from fiscal sponsorship to becoming an independent 501(c)(3) nonprofit organization, and whether it’s a good idea to promote a staff bookkeeper or accountant to controller, director of finance, or CFO.
PREVIEW SHORTER CLIP:
FULL 30-MINUTE VIDEO:
CHAPTERS:
00:00 - Intro
00:41 - Should legal counsel lead the process for updating an organization's employee handbook?
03:20 - Considering compliance vs. staff relations vs. operational perspectives
06:10 - When is the best time to start planning for the end of an office lease?
11:53 - Considerations when transitioning from fiscal sponsorship to becoming an independent 501(c)(3) nonprofit organization
20:51 - Considerations when promoting a bookkeeper to controller to director of finance or CFO
23:47 - Differences between the roles of bookkeepers / staff accountants, controllers, director of finance, and CFO
26:19 - Alternatives to promotion
FURTHER READING:
Q&A #87 – Who controls the remaining funds when fiscal sponsorship is terminated?
