Our Expertise
Manning Fulton assists clients with all aspects of tax exempt organizations, including their creation, operation and dissolution. Our experience with formation and operation of private “family” foundations and public charities include representation of schools, foundations operating grant-making and scholarship programs, churches, and scientific research organizations. We routinely advise exempt organizations in structuring joint ventures, implementing taxable and tax-free acquisitions and dispositions, establishing for-profit subsidiaries and supporting organizations, complying with state charitable solicitation laws and structuring executive employment and deferred compensation plans. We serve as outside counsel to tax-exempt organizations and regularly advise on corporate governance issues and tax considerations, such as avoiding excess benefit transactions and minimalizing unrelated business taxable income. Our attorneys have also represented tax-exempt organizations before various governmental agencies such as the Internal Revenue Service, the United States Department of Labor, the North Carolina Secretary of State and the North Carolina Attorney General’s Office.
