We serve our clients by helping them to file as a nonprofit organization, obtain tax-exempt status with the IRS, particularly 501(c)(3) status, and helping them understand that rules and regulations they must follow to maintain tax-exempt status.
The laws in this area are very complex, and obtaining 501(c)(3) status is only a small part of setting up a tax-exempt organization. In addition to this service, we help clients by counseling them on how to run meetings, which activities they can and cannot participate in if they wish to maintain their tax-exempt status, and general best practices as they begin their new organization.
In addition, we can help organizations to obtain tax-exempt status under other sections of the Internal Revenue Code. Some examples of these types of organizations are business leagues, boards of trade, homeowners associations, certain social clubs or country clubs, fraternal orders, or churches. While not all groups will qualify, many of these types of groups will if properly formed. We can help.
Also, we can help individuals or organizations with high net worths form private foundations under section 501(c). These foundations must follow some very strict guidelines and can be expensive to set up, but they offer a number of benefits.
Please contact us today to set up a free consultation if you are considering setting up any of the above organizations.