Tax-exempt organizations: laudable goals, considerable regulation

In Business Organizations by Coolidge Wall

If you have any questions or concerns regarding tax-exempt organizations in Ohio or elsewhere, we modestly suggest that you might reasonably want to contact the legal team at Coolidge Wall.

As we note on the website of our Dayton law firm, “For more than 165 years, we’ve been providing legal services to corporations, non-profit and businesses of all sizes in Ohio and throughout the world.”

In fact, our firm was established in 1853, which gives us an enviable starting point from which we have been assisting diverse business clients with wide-ranging needs.

Tax-exempt entities in particular can have many discrete and singular considerations to contend with. The take of state and federal regulators on such groups is that, while they are recognized and customarily welcomed for the work they do, they must still — like all other groups and organizations — comply fully with relevant tax laws.

That is of course doable, but it must also be acknowledged that it can be a complex endeavor to initially qualify for tax-exempt status and retain it thereafter. To be deemed as exempt from paying state and federal taxes, a group must satisfy regulators from the very outset of its existence that it meets very exacting structural requirements.

Our attorneys routinely help non-profits do that, drafting articles of incorporation and other foundational documents that enable them to qualify for tax-exempt status. We help with annual statements required by the Internal Revenue Service and documentation solicited by Ohio regulators. And we perform additional functions that keep tax-exempt groups in the good graces of tax authorities as they go about their important work.

We are certainly proud of playing that key legal role. We welcome contacts to the firm regarding any tax-exempt question or related matter.