Why You Should Get Your Business Involved in Hunger Action Month


Together, We Can Make a Difference

September is Hunger Action Month, and we at Freeman Lovell are encouraging all entrepreneurs to do their part to make a difference.

Why Should You Join?

Every year, families and individuals alike struggle to make ends meet. Unfortunately, the amount affected has increased significantly over the past year and a half, with over 38 million Americans suffering from hunger. A combination of all-time high unemployment rates, decreased access to many social services, and closed school cafeterias have caused many people to question when their child’s next meal will be.

When you commit to making a difference during Hunger Action Month, you provide life-changing resources to those in need.

Who Are You Helping?

No community is immune from the effects of food insecurity, and it’s the responsibility of all to do our part to ensure that no person goes hungry. So, when you give back, who are you helping?

  • Minority Communities - Systemic racial inequality has caused minority communities, especially LatinX, Black, Indigenous, and refugee-heavy areas, to have decreased access to amenities, transportation, and jobs with livable wages.
  • Rural Communities - Rural communities often have fewer resources and suffer from supply chain dilemmas. In addition, government aid often is inaccessible to those who live rurally and cannot access their local government buildings.
  • The Elderly - Not all elderly individuals have the financial means to support themselves after retirement. And if their families are unable to help or don’t have family or friends nearby, many go without food.
  • Veterans - Researchers estimate that at least 11% of homeless populations in the US are veterans. And even the veterans who are not homeless often do not have the financial means to support themselves consistently, especially if they were injured in the line of duty.
  • Low-Income Families - 38% of children live in low-income households. Depending on the size of the family and their unique situations, many of these low-income houses cannot afford to feed themselves consistently.
  • Single-Parent Households - 15.3 million children live with a single mother, and 3.7 million live with a single father. Single mothers are often given fewer opportunities to rise in their careers or can only work part-time to care for their children.
  • You Help Everyone - Ultimately, when you give back during Hunger Action Month, you are helping friends, family, community members, neighbors, and strangers alike. Everyone deserves to feel secure about when they will eat their next meal.

How Do You Get Involved?

There are so many ways to get involved with Hunger Action Month. You can donate your time, money, or resources to help those in your community.

Here are a few easy ideas:

  • Host an office or community food drive for a local food bank.
  • Bring your office out to volunteer at a shelter.
  • Speak up and use your influence to make changes to your local government that can benefit the hungry.
  • Make a monetary donation to your local food bank or shelter.
  • Speak with your local food bank or shelter to find out what other materials and resources you can donate to best serve your community.
  • Sponsor school lunches for low-income children in your area.

Local Resources:

We have added links to local food banks and hunger statistics for each of our office locations for your convenience.

Want to take a more hands-on approach? Many religious and educational groups provide services and meals for the needy. If you’re interested in getting involved at a grassroots level, this could be a great option for you and your team.

Ultimately, it doesn’t matter as much HOW you give back, so long as you DO give back in one way or another. As Winston Churchill once said, “We make a living by what we get, but we make a life by what we give.”

Still On the Fence?

We all know that participating in philanthropic endeavors is the right thing to do. Still, if you need a little more encouragement about how philanthropy can positively affect your ROI, we’ve got your back.

In today’s world, , you can’t underestimate the power of brand reputation . Having a brand geared for good creates a strong company culture. It also makes a message your audience can relate to (provided that you are authentic and genuine when participating in these endeavors).

Being a brand that gives back shows that you are actively making your community a better place for all. Become a leader for positive change, and you will be surprised by how your business can blossom.

Want to learn more about how to get your business involved with community outreach programs, nonprofits, scholarships, etc.? Our team of experienced business attorneys at Freeman | Lovell, PLLC, can help. Schedule a , consultation today to get started.

December 28, 2023
Starting January 1, 2024, a new rule took effect requiring all registered legal entities, including limited liability companies and corporations, to report their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). We wanted to give you a heads up about the rule and give you as much information about what it means to you. What is the rule? The rule, which is called the Beneficial Ownership Information Reporting Requirements (BOI Rule) , comes from the Corporate Transparency Act, which was passed by Congress in 2021. This law created the BOI Rule with FinCEN as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other deceitful ownership structures. Under this new law, FinCEN will permit Federal, State, and local officials to obtain ownership information for authorized activities related to national security, law enforcement, and intelligence. When does the rule take effect? And when do I have to submit a report? The BOI Rule took effect on January 1, 2024 . If your company existed before January 1, 2024, you must file its initial beneficial ownership information report by January 1, 2025 . If your company is formed or registered after January 1, 2024, you must file its initial beneficial ownership information report within 90 days after receiving actual or public notice that its creation or registration is effective. If any beneficial ownership information changes, you will have 90 days from the day of the change to file an updated or corrected report with FinCEN. What if I don’t file a Report? According to FinCEN: “The willful failure to report complete or updated beneficial ownership information to FinCEN, or the willful provision of or attempt to provide false or fraudulent beneficial ownership information may result in a civil or criminal penalties, including civil penalties of up to $500 for each day that the violation continues, or criminal penalties including imprisonment for up to two years and/or a fine of up to $10,000. Senior officers of an entity that fails to file a required BOI report may be held accountable for that failure.” What do I need to include in the report? The BOI Rule requires that all entities report information about the company, each individual with substantial control over the entity, and each beneficial owner. What information is required to report about the entity? Full legal name of your company and any DBAs names; Complete current street address for your company's principal place of business (P.O. boxes will not be accepted); The jurisdiction of formation or registration; and Tax identification: IRS tax identification number (TIN) and employer identification number (EIN). What information is required to report about the controlling individuals and beneficial owners? The individual's legal name; Individual's date of birth; Individual's residential address; and A unique identifying number from an acceptable identification document (such as an unexpired driver's license, passport, identification document issued by a State or local government or Indian tribe) and the name of the issuing state or jurisdiction. Who is considered to have substantial control of the entity? Examples of an individual that exercises substantial control over the entity are: An individual is a senior officer (President, CEO, CFO, COO, Manager, or other office who performs a similar function); An individual has the authority to appoint or remove certain officers or a majority of directors of the reporting company; An individual is an important decision-maker for the company; or An individual has any other form of substantial control over the company. Who is considered a beneficial owner? A beneficial owner is an individual that owns or controls at least 25% of the entity’s ownership interests. This includes individuals that indirectly own or control 25% of the ownership interest. For example, if Joe is a 50% owner of Parent LLC, which in turn owns 50% of Subsidiary Corp, then Joe beneficially owns 25% of Subsidiary Corp (50% of 50% = 25%). What type of entities will be required to file a report with FinCEN? All domestically formed entities and foreign registered entities in the USA are required to file a report. Types of entities include corporations, limited liability companies, limited partnerships, general partnerships, and any other entity registered with a state Secretary of State or Division of Corporations or other similar office. There are some types of companies that are exempt from the reporting rule, and in general they are companies that already have to report beneficial ownership to another federal agency. The 23 exemptions listed by FinCEN are: Securities reporting issuer, Governmental authority, Bank, Credit union, Depository institution holding company, Money services business, Broker or dealer in securities, Securities exchange or clearing agency, Securities exchange or clearing agency, Other Exchange Act registered entity, Investment company or investment adviser, Venture capital fund adviser, Insurance company, State-licensed insurance producer, Commodity Exchange Act registered entity, Accounting firm, Public utility, Financial market utility, Pooled investment vehicle, Tax-exempt entity, Entity assisting a tax-exempt entity, Large operating company, Subsidiary of certain exempt entities, and Inactive entity. Can you help me with my company’s report? Yes! We are happy to help prepare and file your company’s BOI Rule report with FinCEN before the December 31, 2024 deadline. We offer a flat-fee service that is discounted based on how early you pay and submit your information. Sign up for our BOI Rule report service HERE. We also know that some situations can be complicated, so please feel free to ask us any questions regarding compliance with the beneficial ownership interest reporting requirements for your company by emailing teamjosh@freemanlovell.com .
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