Identification
- Label (rdfs)
- Non-Profit Formation Practice
- Preferred Label
- None
- Alternative Labels
- N/A
- Identifier
- N/A
Definition and Examples
- 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.
Additional Information
- Comment
- From LIST: Legal Issues Taxonomy — https://taxonomy.legal/
- Description
- N/A
- Deprecated
- False