Not for Profit Entities
Organizations in the nonprofit sector
face increasing challenges in achieving their missions while
complying with federal and state laws that impose significant
restrictions on their governance and operations.
We assist nonprofits with critical
compliance issues, including corporate governance, setting
executive compensation and benefits, undertaking charitable
solicitation activities, establishing and operating joint ventures,
establishing and operating for-profit subsidiaries, reviewing and
preparing transactional documents, engaging in political
activities, undertaking lobbying activities, protecting
intellectual property rights, Form 990 reporting, responding to
inquiries from regulators, addressing personnel matters and
responding to membership issues.
We often work in concert with the
organization’s consultants and accountants to achieve the optimal
result for the organization.
Areas of Focus:
- Organization of new entities (including
adoption of appropriate governance documents and policies),
obtaining recognition of tax exemption, and regulatory filings
- Review, recommendation and implementation
of governance improvements to embrace best practices and achieve
regulatory compliance
- Structuring effective compensation and
benefits programs while avoiding adverse tax consequences
- Establishing and operating joint ventures
and for-profit subsidiaries
- Corporate restructuring and business
transactions
- Oversight and counsel regarding lobbying
and political campaign activities
- Tax-exempt financing
- Planning for avoidance of
unrelated business income tax