Not for Profits
You have determined an area of need in your community and feel strongly that you can help fill that need. You may want to form a charitable organization, a school, or a civic organization to help facilitate your work. Do you know which entity type or IRS exemption is best for the service you want to provide?
Our office has represented non-profit organizations of all sizes and at all stages of their life-cycle. This experience has taught us that non-profit organizations have all the same risks and responsibilities that a for-profit business has, but they also have significant additional regulations, sometimes both state and federal.
It is imperative that a not-for-profit business have the advice of an attorney with experience navigating these regulations from pre-formation decisions to winding up the business and distributing its assets.
We have assisted our clients to:
- Choose the correct entity type;
- Assisted with the competition and filing of necessary paperwork with the IRS and state agencies;
- Advised on what activities may lead to Unrelated Business Income tax issues;
- Advised on sweepstakes versus contest issues and drafted terms and conditions for fundraising raffles;
- Advised on corporate governance, e.g. meetings of the board of directors, shareholders, or members.
- Assisted with drafting policies and procedures to limit the risk of non-compliance with laws and regulations.
Our office can help you plan your not-for-profit entity in a way that will allow you to achieve the greatest results while limiting the risk exposure faced by you, your board, and the entity itself.