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Practice/Industry Group Overview
Our attorneys provide a full range of legal services to nonprofit organizations. We have experience with public charities, private foundations and other types of nonprofit organizations. Our attorneys assist such organizations with the formation of the appropriate entity and preparation of organizational documentation such as bylaws and organizational minutes. We also aid organizations in obtaining the recognition of appropriate tax-exempt status through applications to the Internal Revenue Service ("IRS") and Department of Revenue where necessary. We assist our nonprofit clients in numerous other organizational matters, such as obtaining property tax exemptions and licenses to solicit charitable contributions in North Carolina.
Once the nonprofit organization is formed and operating, our attorneys continue to work with these organizations to assist them in ensuring that their activities comply with the myriad of restrictions and operational issues which apply to nonprofit organizations, including counsel on receipt of funding from the State of North Carolina or the federal government to ensure that these funds are spent appropriately and that any restrictions placed on the organization by the granting entity are met; advising tax-exempt organizations of the impact their actions may have on their tax-exempt status, which can be lost if the organization acts inappropriately; and compliance advice on the numerous reporting requirements to the IRS and to donors and rules regarding public disclosure of certain of the organization's documents. Our attorneys interact with boards of directors of client nonprofit corporations to ensure that appropriate actions are taken at the board level to approve actions undertaken by the corporation and to ensure that the directors are meeting their fiduciary obligations to the organization.
Our attorneys also can assist nonprofit organizations with the special termination rules and procedures that apply to organizations that are winding up their activities and terminating their operations. In addition, we can assist nonprofit organizations with IRS audits or issues or disputes that may arise between the organization and the IRS.
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