FOLIO Ontology

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Identification

IRI:
https://folio.openlegalstandard.org/RBFQCPcpMnfZ25UzTt5k770
Label Non-Profit Formation Practice
Preferred Label N/A
Identifier N/A
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Definition

Nonprofit formation practice refers to the legal service where lawyers assist in establishing nonprofit organizations, guiding clients through aspects like drafting bylaws, filing for tax-exempt status, and ensuring compliance with state and federal laws. This specialized legal service aims to create a compliant and effective organizational structure that meets the client's charitable, educational, or social objectives.

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Additional Information

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Comment

From LIST: Legal Issues Taxonomy — https://taxonomy.legal/

Description

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Notes

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Deprecated

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