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Tax-Exempt Organizations

Overview

Parker Poe assists clients with all aspects of tax-exempt organizations, including their creation, operation, and dissolution. Our wide range of experience includes Internal Revenue Code Section 501(c)(3) public charities, social welfare organizations, private foundations, and trade associations. Our clients include colleges and universities, K-12 schools, churches, and scientific research organizations.

We routinely advise exempt organizations in structuring joint ventures, implementing taxable and tax-free acquisitions and dispositions, establishing for-profit subsidiaries and supporting organizations, obtaining bond financing for capital projects, complying with state charitable solicitation laws, and structuring executive employment and deferred compensation plans. We serve as outside counsel to tax-exempt organizations and regularly advise on corporate governance issues and tax considerations, such as avoiding excess benefit transactions and minimizing unrelated business taxable income.

Our attorneys have also represented tax-exempt organizations before various governmental agencies such as the Internal Revenue Service, the United States Department of Labor, the North Carolina Secretary of State, and the North Carolina Attorney General’s office.

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