Nonprofit and tax-exempt organizations now have numerous choices in forming a new entity, such as corporations, limited liability companies, or joint ventures with for-profit partners. Our clients rely on our expertise to assist them in determining what type of entity will best meet their needs.
We have formed many kinds of organizations, ranging from new organizations formed by a small, but dedicated, group of volunteers to meet a specific underserved population to limited partnerships — and other joint ventures — between tax-exempt organizations and for-profit entities formed to accomplish unique public-private objectives. We have particular expertise in preparing formation documents, such as articles of incorporation, bylaws, and operating agreements, to meet the specific needs of our clients.
In addition, we provide in-depth assistance and guidance to board members of newly formed organizations so that they understand their numerous duties and obligations under both state and federal law. Since many of our attorneys serve as volunteer board members of various tax-exempt organizations, we are able to draw upon our real world experience to assist our clients comply with the numerous regulations governing their organization, and avoid common mistakes that are easy to make, yet may be challenging to rectify.