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Practice Areas - Great Falls
"I have found Ms. Wallace to be highly knowledgeable, professional and fair-minded. She has worked diligently for the non-profit I serve and guided us smoothly through several difficult legal matters. I feel confident knowing that Ms. Wallace is our counsel and I look forward to a continuing business relationship with her. I highly recommend her."
- Board Member, a Virginia tax-exempt organization
"The Virginia-based 501(c)(3) volunteer organization I work with has been privileged to have Megan as our attorney for over five years now. She has guided us through an IRS audit, drafting corporate and board documents and resolutions, minor litigation, and general business assistance such as lease review. Megan has handled all of it very capably, and she works within any client's budgetary considerations."
- Officer & Board Member, a Virginia tax-exempt organization

Non-Profit & Tax-Exempt Organizations

Wallace Law has helped numerous clients fulfill their passion by helping them start a non-profit corporation. We will write the Articles of Incorporation to create the company under state law (Maryland, Virginia or the District of Columbia). We will also draft the necessary Bylaws and coordinate the organizational meeting of the initial Board of Directors. At this organizational meeting, the initial Board of Directors will adopt bylaws, elect officers, and transact any other business that may come before the meeting.

The key to starting a non-profit entity is knowing whether or not you intend to pursue tax-exempt recognition for the corporation. If so, then it is critical that the Articles of Incorporation and the Bylaws be carefully drafted to the specifications of the Internal Revenue Service (IRS). Wallace Law is highly skilled in drafting these corporate documents and, most importantly, can guide the new business through the complex process of applying with the IRS for tax-exempt status. We can determine whether or not your company would be considered a private foundation or a public charity. The differences are significant. Wallace Law can complete the Form 1023, file it with the IRS, and follow the application through its review until it is approved.

Once the entity has received tax-exempt status then it is imperative that the organization operate in compliance with its governing documents and the strict requirements of the IRS. We can counsel your company regarding ongoing compliance matters throughout the life cycle of the organization. Whether you have concerns about volunteer activities, properly documenting charitable donations or unrelated business income tax (UBIT), Wallace Law can help you every step of the way.

Our clients have included individuals, businesses, charitable and philanthropic foundations, religious institutions, and private schools. Wallace Law can also help you establish a donor advised fund within the local community foundation.

Contact us today to see how we can help you.

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