We provide comprehensive advice to tax-exempt organizations and executives on employee benefits, tax and corporate governance issues. We counsel organizations and executives of credit unions, universities, hospitals, museums, trade associations, business leagues as well as other tax-exempt organizations.
Our group’s experience with the unique employee benefit needs of tax-exempt organizations includes assistance with eligible and non-eligible deferred compensation plans under Code Section 457, broad-based plans and 403(b) plans as well as executive compensation arrangements.
We regularly advise executives of tax-exempt organizations on employment and severance agreements at the commencement and exit of their relationships.
Our deep knowledge also covers all aspects of other legal challenges facing tax-exempt organizations. We regularly provide advice on the corporate governance and taxation issues facing these entities regarding formation and administration, fund raising, advertising, unrelated business income tax as well as IRS audits and attempts to revoke tax-exempt status.
We provide guidance to tax-exempt organizations on the creation of for-profit subsidiaries and entering into joint ventures.
We have structured supplemental retirement plans for benevolent associations, negotiated employment and severance agreements for senior executives and routinely counsel trade associations, business leagues and other tax-exempt entities on day-to-day administrative issues including advice on complex federal and state tax issues.