Quarterman Hodson & Associates, P.C. is pleased to assist many non-profit organizations in their formation, governance and operation.
Such organizations present unique opportunities and challenges. In order to operate as a non-profit with the valuable tax advantages offered by the state and federal governments, certain complex procedures must be followed. In order to obtain tax exempt status for donors and the organization, the non-profit group must operate under the umbrella of another tax-exempt organization or obtain 501(c)(3) certification from the Internal Revenue Service (I.R.S.). This certification requires, among other things, formation as some kind of legal entity with specific provisions in the governing documents and an articulated purpose that is acceptable under tax legislation. There also exist specific requirements for certain types of organizations, such as schools or church groups. Once an application is submitted, obtaining 501(c)(3) status for an organization can take more than six months. In addition to I.R.S. requirements to operate as a non-profit, there exist reporting requirements and required filings with the State of Georgia. In addition to non-profit certification for tax purposes, non-profit groups face many of the same legal questions that other organizations face, such as contract and liability issues. The attorneys of Quarterman Hodson & Associates, P.C. are happy to assist non-profit groups in all phases of their development and existence.