Our Services
-
Counsel 501 specializes in guiding clients through the establishment and structuring of new nonprofit organizations. From meticulously drafting organizational documents to strategically advising on entity selection, board and officer constituencies, and defining the mission scope, we provide comprehensive support.
-
Nonprofit state registrations are an essential part of compliance when operating within the U.S. Each state has its own rules and regulations, and failing to comply can result in penalties or loss of tax-exempt status.
Counsel 501 is here to assist you navigate these state requirements for the unique needs of your nonprofit organization.
-
Carefully considered governance practices are one of the highest priorities for nonprofit organizations. Counsel 501 clients value having a dedicated lawyer to regularly counsel their boards, executive officers, and committees with respect to fundamental insights and responsibilities for director fiduciary duties.
Counsel 501 routinely gives advice on governance best practices, including the development and refinement of conflicts of interest and document retention policies, and we oversee self-audits of charter compliance and effectiveness, which our clients have found to be beneficial to their organizations.
-
Counsel 501 is dedicated to ensuring that its clients remain in good standing within all jurisdictions that our nonprofit organizations serve.
Recently, nonprofit organizations have been confronted by regulators blocking their receipt of donations through various online fundraising platforms. These massive disruptions are caused by a nonprofit organization’s failure to be in “good standing” in California, which lists noncompliant organizations on the states published “Delinquency List.”
A nonprofit organization’s California delinquency status may impact the organization even if it has not recently conducted any fundraising or activity within the state of California.
Charitable fundraising platforms will generally block ALL donations made to any organization that is not in good standing, not just those made by California residents.
While the largest impact of such delinquency reporting involves California, states such as Hawaii and others have planned to publish similar lists blocking online contributions for any non-compliant nonprofit organization.
-
A nonprofit may have its state or federal tax exempt status revoked for a number of reasons. These cases can often be rectified with the appropriate guidance and action. If your organization has received notice of revocation or suspension, contact Counsel 501 for specialized assistance; we have a solution tailored for you and your organization.
-
Counsel 501 excels in securing and safeguarding federal tax exemptions across various classifications. Our expertise extends to obtaining formal rulings or informal guidance from the Internal Revenue Service on exempt status and offering guidance on critical tax exemption matters.
-
The IRS may consider expediting a full application for various 501(c) tax exempt statuses.
Counsel 501 has successfully obtained favorable Determination Letters based on filing of such requests and can advise your organization on whether and how it may qualify.
-
Counsel 501 services also include assisting with the filing of necessary returns and reports, ensuring proper accounting for unrelated business income, and implementing strategies to mitigate unrelated business income through the judicious use of for-profit subsidiaries.
-
Counsel 501 understands how the application of privacy and consumer protection laws evolves with the digital landscape.
It is critical for charitable organizations that operate both their website and accounts across digital platforms ensure that tracking cookies, video and photographic content, and personal user information have adopted and adhere to adequate consent mechanisms.
Counsel 501 helps its clients stay aware and in compliance of data privacy laws, and ahead of the emerging rules, regulations and best practices across the nonprofit space.
