The attorneys at McDaniel Wolff understand that charities and nonprofit organizations play an irreplaceable role in the social and economic well-being of our communities. We are proud to serve as counsel to numerous charitable organizations of all sizes and phases of their operation.
Whether you need assistance with creating your organization and obtaining 501(c)(3) tax-exempt status from the IRS, or finding solutions to regulatory compliance and other legal matters that charitable organizations face on a daily basis, our team of attorneys can help you find innovative and cost-effective solutions.
If you are planning on forming a nonprofit organization, our attorneys have the resources and experience to help. Most Arkansas nonprofits are governed by the The Arkansas Nonprofit Corporation Act of 1993 and applicable sections of the Internal Revenue Code. Understanding the laws and regulations involved in forming a charitable organization is critical to the sustainability of your new organization. When you work with our attorneys, you can rest assured that we will provide the counsel you need to establish a strong legal foundation for your charitable mission.
Generally, starting a nonprofit in Arkansas involves taking some or all of the following steps:
Our attorneys will work with you to determine which steps are necessary, prepare the appropriate documents, and file with the applicable government agencies. What we can do and what we do well, is help you with the nonprofit formation process. We take care of the legal needs so you can focus on building your organization.
To prevent abuse, non-profit organizations that qualify for tax-exempt status are subject to complex and ever-changing laws, regulations, funding restrictions, and reporting requirements imposed by the IRS and local governments. Generally, charitable organizations must also comply with laws applicable to for-profit businesses. Our attorneys engage in a comprehensive tax and corporate law practice which enables us to assist charitable organizations with most any legal matters that arise in their day-to-day operations.
We regularly provide counsel to nonprofit organizations for the following and much more: