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-Nonprofit Organization Legal Service
Non-profits face unique financial challenges and tax obligations. Ensuring your non-profit adheres to state and federal regulations is primordial for your organization’s integrity and success. We are offering guidance, helping these organizations navigate the complexities of incorporation, tax exemption, and the specifics of New York State laws, ensuring that your nonprofit is built on a solid legal foundation.
State Incorporation and Obtaining Federal Tax-Exempt Status
State Incorporation
Starting a nonprofit begins with a state incorporation. We guide you through the entire process of incorporating under New York State law, ensuring that your organization is legally recognized as a nonprofit corporation. This includes preparing and filing the necessary Articles of Incorporation and handling all communications with the New York Department of State.
Obtaining 501(c)(3) Tax-Exempt Status
Nonprofit organizations must obtain tax-exempt status under 501(c)(3) of the Internal Revenue Code. We will help you prepare and submit your IRS Form 1023 or Form 1023-EZ. We ensure that your application clearly articulates your charitable purposes and activities, maximizing the likelihood of obtaining tax-exempt status.
Contracts Law
Our firm’s comprehensive legal services include drafting and reviewing contracts essential for the successful operation of nonprofit organizations. Whether you are dealing with real estate acquisitions, employment of foreign workers, or other contractual needs, our experienced team ensures that all agreements are tailored to your specific needs and adhere to all applicable laws
Why Choose Us for Your Non-Profit Legal Needs?
Checklist for Starting a Nonprofit Organization in New York
To assist you in starting your nonprofit, here is a checklist of essential steps:
– [ ] Articles of Incorporation: File with the New York Department of State.
– [ ] 501(c)(3) Status: Submit IRS Form 1023 or 1023-EZ for tax-exempt status.
– [ ] Bylaws: Draft and adopt bylaws that comply with New York State law.
– [ ] Board of Directors: Appoint a board and hold an initial board meeting.
– [ ] Register with NY Attorney General**: Complete necessary filings with the Charities Bureau.
– [ ] Obtain an EIN: Secure an Employer Identification Number from the IRS.
– [ ] Open a Bank Account: Establish a bank account in the name of the nonprofit.
– [ ] Bookkeeping and Accounting: Set up an accounting system.
– [ ] Insurance: Obtain necessary insurance (general liability, directors and officers, etc.).
– [ ] Fundraising Compliance**: Ensure compliance with New York State fundraising regulations.
Schedule a Consultation Today
Ready to empower your non-profit with expert legal guidance? Contact us today to schedule a consultation. Let’s work together to build a stronger, legally sound foundation for your organization.
