As your charitable organization or private foundation grows towards its intended goals, certain operational requirements must be ensured. Your non-profit must:
- abide its approved mission and tax-exempt purpose
- avoid private inurement
- maintain finances in a manner consistent with maintaining the nonprofit tax exempt status, and
- maintain efficient procedures that comply with and uphold the tax-exempt status
Developing a relationship with an experienced North Carolina Business and Nonprofit law attorney is a good investment toward ensuring your tax exempt status and ability to fulfill your mission. Eileen McMin is an Asheville based business law attorney with 23 years experience representing non-profit corporations in this state. She can help you create policies and procedures that are designed to ensure your corporate or charitable foundation’s continued tax exempt status.