Tax-Exempt and Nonprofit Organizations

Tax-Exempt and Nonprofit Organizations 

Our non-profit lawyers routinely establish and advise organizations on how to obtain and maintain their income tax exemption.  At Smith Hurst, we work with our clients to establish the right non-profit structure from an organization’s beginning in order to provide the right footing to carry out its tax-exempt mission.

 

We have extensive knowledge about and experience in corporate governance and compliance matters which allows us to serve the specialized needs of our nonprofit clients, including boards and management, on issues such as fiduciary responsibilities, conflicts of interest, directors’ and officers’ coverage, and indemnification. We help develop best practices and prepare governance guidelines, bylaws, committee charters, conflict-of-interest policies and ethical conduct statements.  

Our tax exemption law attorneys counsel clients on the full scope of the federal and state tax laws that apply to them.  We specifically advise them with respect to tax-exempt fundraising and financing and on regulations governing private foundations, including self-dealing, jeopardy investment and excess business holding rules as well as the rules on domestic and foreign grant making.  We also assist clients in the formation of new nonprofit organizations, reasonable compensation issues, restrictions on lobbying and political activities, unrelated business taxable income, and the rules for supporting organizations and donor-advised funds.

As with our other practice areas, our non-profit attorneys work closely with their colleagues in other practice areas, collaborating with our taxation attorneys, health care law attorneys, executive compensation attorneys, and real estate attorneys to ensure our clients receive well-rounded advice on relevant legal issues.  We regularly advise clients on how to incorporate charitable planning into their personal wealth and estate planning matters.  We also work with healthcare organizations, business leagues, and a variety of trade and professional associations on legal and tax compliance matters.

 

Our team shares an attitude of excellence while
helping our clients achieve their business and personal goals.