The nonprofit sector has embarked on a new era of possibility. Nonprofits now, in addition to building a donor base, are exploring more business-like strategies for generating funds, while solving a problem, meeting a need, or creating jobs. New questions arise with these venture-based activities: How to navigate a government contract? Establish a subsidiary or a joint venture? Remain tax and status compliant?
Addressing the legal issues in the progress towards one’s mission depends on the trust, competency, and confidence embodied by all players – including your lawyers. We know the value of honesty and responsiveness. We do not like to see a creative solution bogged down by potential risks, fear of the unknown, being overcharged or under-informed.
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- Provide opinion letters on the structure and purpose of program related investments.
- Incorporate and pursue tax-exempt status for new nonprofits engaged in global programs for challenged communities assisting in moving from crisis relief to stabilized resources.
- Provide legal review of nonprofit and for-profit related entity structures dedicated to mission purposed investments.