Non-Profit Law Attorneys Maryland, Virginia, Washington DC
What does a Non-Profit Law Attorney do? A non-profit corporation is a type of business organized for purposes other than making a profit. Many non-profits have charitable missions. A non-profit does not distribute profits to its shareholders, its board of directors or executives. All fundraising efforts of a non-profit go toward its operations and the organizations purpose. Most non-profit corporations are also eligible for federal and state tax exemptions.The attorneys at Longman & Van Grack have extensive experience advising on and assisting with gathering of the necessary information and filing the appropriate documents to form a non-profit corporation in Maryland and Washington, DC. Our attorneys consult with clients regarding the non-profit purpose of the corporation and to discover what our client’s objectives are. We render advice on which type of non-profit entity would best suit the organization. There are a few different types of non-profit corporations including religious, tax exempt non-stock and non-stock. We then draft the necessary documents with these objectives in mind and file these documents with the State. Our attorneys will then proceed with the first step in forming a non-profit corporation in Maryland or Washington, DC, which is drafting and filing Articles of Incorporation and Bylaws.
A defining characteristic of non-profit corporations is that they are often tax exempt due to their charitable purposes. In order to qualify for federal and state tax exemptions, a variety of documents must be filed on behalf of a new non-profit. Our attorneys are experienced in drafting and filing the essential forms for tax exemption in the State of Maryland and Washington, DC.
After the non-profit has been formed and acknowledged by the state and all of the necessary tax forms have been filed, our attorneys work with clients on corporate structure. As non-profit corporations are subject to different rules and regulations than for-profit corporations, it is crucial to initially structure the business with these restrictions in mind. Our attorneys are well-versed in this area of non-profit law Attorney and advise clients in this area on a regular basis.
As operations begin, our attorneys work with non-profit clients and advise them on day-to-day operations to determine if they are acting in accordance with the complex and extensive rules and regulations applicable to Maryland and Washington, DC non-profits. For example, our attorneys advise clients on issues regarding compensation of directors, conflicts of interest and other ethical issues. Non-profit corporations are also subject to annual filings to keep their tax exempt status. These filings must be made within certain time limitations and our attorneys are experienced in filing the necessary forms on behalf of our non-profit clients.
The attorneys at Longman & Van Grack are knowledgeable with regard to non-profit issues and skilled in advising clients on formation and tax exemption issues as well as important aspects of day-to-day operations. Our attorneys are experienced in advising clients on complying with the rules and regulations specific to non-profit corporations. As the formation and operation of a non-profit in Maryland or Washington, DC can be a complex and time consuming matter, it is important to seek the advice of an experienced attorney. Contact Longman & Van Grack at (301) 291-5027 for advice on all issues related to non-profit organizations.
