ARTICLE Law and Disorder Why your church might end up before a judge and jury, and what you can do to prevent it. Richard Hammar, Timothy C. Morgan
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Attorney Richard Hammar is one of the nation's foremost experts in legal and tax issues facing churches and clergy. With Christian Ministry Resources executive director James Cobble he edits Church Law and Tax Report, which summarizes legal developments affecting churches nationwide. They recently launched a subscription-based website (www.ChurchLawToday.com) that provides online seminars, newsletters, ...
How to Incorporate If you’re considering the legal protection of incorporation, here’s how to begin. John R. Throop
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Incorporation offers churches several benefits, including a liability shield for board members (except in the case of gross negligence), the ability to receive federal and faith-based grants, discount rates from vendors, and the opportunity to clarify the church's purposes and procedures. While the incorporation process is different in every state, it essentially involves four steps: drafting articles ...
Getting the Funds Ideas for helping your church raise money. Marlene Heller
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If your church needs new furniture and equipment, begin with a clear understanding of exactly what you will purchase and how much it will cost. Can you afford to pay cash? If not, consider the following:
Conventional Lending
Develop a financial plan that tells you how much you can afford to borrow. It should include church financial statements and budgets for the past three to five years (with special ...
The Coffer Crunch What happens to ministry when money is in short supply? A Leadership Interview
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October 19, 1987, will forever be remembered as Black Monday in the financial world. The Dow plunged, like an out-of-control airplane, a record-scorching 508 points. In seven hours, investors lost some $500 billion in equity values. Smaller brokerages were forced out of business. Traders were let go.
What happens when a local church experiences a similar financial downturn? What exactly does ministry ...