Stein Sperling understands that tax-exempt and non-profit organizations face different challenges than those of traditional, for-profit businesses. For public charities and private foundations under Internal Revenue Code Section 501(c)(3), and other types of tax-exempt organizations, such as IRC §501(c)(4) social welfare organizations and IRC §501(c)(7) social clubs, Stein Sperling’s experienced team of tax and business attorneys provides a wide range of legal services to assist clients through the complex and evolving laws and regulations unique to the tax-exempt world.

Tax exempt organizations look to Stein Sperling for assistance in the following areas:

  • Entity formation;
  • Applying with the IRS for tax-exempt status;
  • Nonprofit corporate governance;
  • Transactional matters;
  • Converting  from one type of tax-exempt organization classification to another;
  • Fundraising considerations, including compliance with state charitable solicitation registration and nonprofit laws;
  • IRS and state agency audits;
  • Protecting against private inurement, excess compensation and intermediate sanctions;
  • Estate, Trust, and Gift administration to ensure compliance and receipt of donations, bequests and trust distributions for the benefit of the organization;
  • Strategies for identifying and minimizing unrelated business taxable income (UBIT); and
  • Advice regarding grant-making procedures and grant agreements.

From formation through maintaining tax-exempt status, we have the experience and knowledge to understand the challenges your non-profit organization faces, to assist in maintaining compliance with laws applicable to tax-exempt organizations and to focus on finding a customized solution to fit your needs so that you can continue to focus on your organization’s mission.