A nonprofit corporation is a business with assets and liabilities just like any other business. When a nonprofit runs into financial trouble, its creditors usually do the same thing as creditors of a for-profit business: ...more
“Neither a borrower nor a lender be . . . .”
Hamlet Act 1, scene 3, line 75
With all due respect to the great Bard, that simply isn’t possible in today’s business world. Even businesses that are not directly involved...more