For example, a nonprofit can obtain tax-exempt status, create tax benefits for donors, and gain access to certain grants and sources of funding unavailable to private, for-profit businesses. Further, a nonprofit may not be privately owned, is restricted from making distributions, and must transfer its assets to another nonprofit if it is ever dissolved. There are also specific ethical requirements tied to creating an effective and sustainable nonprofit business.
Our attorneys understand the nonprofit world and are prepared to advise you on the many considerations that factor into operating in the nonprofit sector. Our services include the following: