The attorneys in our Business and Corporate Law Practice Group know that regulations govern every stage of a nonprofit’s life. We are not only actively involved in numerous local nonprofit organizations, but in many instances, we also serve as their legal counsel.
Our Business & Corporate lawyers, in conjunction with our Tax attorneys, are highly skilled in all complex aspects of tax-exempt compliance, including issues of unrelated business income and private benefit or conflict of interest concerns. In addition, our lawyers can advise on tax controversies and audits specifically involving tax-exempt organizations.
We assist our nonprofit clients through the process of forming an entity, structuring a board of directors, drafting bylaws and obtaining tax-exempt status. In addition, we ensure that, as tax exempt organizations, our nonprofit clients meet and maintain state requirements and complex IRS regulations, including annual reporting and corporate and tax filings. As counsel, we also assist our nonprofit clients with governance, conflicts of interest, fiduciary duties, liability, risk management and insurance matters.
Whether a small start-up, an educational institution, a trade association, or a multimillion-dollar endowment, it is crucial that our client’s organization is armed with the knowledge and know-how to stay in compliance with government regulations.
We advise our nonprofit clients on numerous issues including:
- Tax-exemption applications
- Legal audits
- Charitable solicitation registration
- State and local tax matters
- Charitable gifts and fundraising
- Unrelated business income tax (UBIT)
- Board governance
- Dispute resolution
- First Amendment and constitutional issues
- Local and international affiliation
- For-profit subsidiaries
- Investment and endowment policies
- Lobbying and political activity
- Private benefit and intermediate sanctions
- Reasonable compensation