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Non-profit Businesses

Advice for Non-profit Businesses

If you are looking to start a non-profit organization, it is important to file the correct state and federal documents. Any religious, charitable and scientific organization which wishes to avoid state and federal tax liability should consider filing for 501(c)(3) tax exempt status. Obtaining a 501(c)(3) tax-exempt status allows financial donors of your organization to write off their contributions. To learn more about non-profit businesses, call the Boston, Massachusetts, law office of Glickman Turley LLP at 617.399.7770.

Non-profit Business Formation

A non-profit business has many unique features as well as similarities to a for-profit business. A non-profit business may incorporate in the state where they will carry out business, hire employees, enter into a contract and own property. Nonprofits may not monetarily enrich the directors of the business, but can file for tax-exempt status. The process of filing for state and federal non-profit status is highly technical. Speak to one of our experienced non-profit business lawyers about your business goals.

Non-profit Management and Organization

After successfully creating your non-profit organization, it is critical that you adhere to the operating and filing requirements of the law. Problems associated with non-profit management commonly stem from uncertainty about how to draft contracts, keep records, conduct fundraising and comply with regulations.

We advise non-profit businesses about:

  • Board governance and liability issues
  • Fundraising and charitable contributions
  • Endowments and investments
  • Contract reviews and employment issues
  • Board liability issues

Non-profit Dissolution

Non-profits cannot simply close the doors the way a for profit business can. A non-profit must work with the attorney general and the Supreme Judicial Court for permission to cease operations. In addition, the non-profit must find another charity to accept its remaining assets. Our attorneys have guided non-profits through the difficult process of terminating services. Speak to one of our experienced non-profit business lawyers about dissolution.

For more information about your non-profit business, call the law firm of Glickman Turley LLP at 617.339.7770. Submit your questions to us by filling out the attached contact form.