We guide clients through formations, dissolutions, and other matters
For more than 100 years, Denechaud and Denechaud, L.L.C. has assisted charitable organizations throughout Louisiana from its New Orleans office. The firm’s experienced attorneys offer a broad range of legal services to help nonprofit and charitable organizations form and operate successfully. When nonprofits are dissolving, whether voluntarily or involuntarily, we help with that too. If you are looking to start a nonprofit or if you need guidance in running or closing one, you can count on our firm to provide sound advice every step of the way.
Our experienced lawyers counsel clients through the formation process
Louisiana has specific rules in place for starting nonprofit corporations. These are some of the major steps:
- Decide on a name for your organization that is not already in use in the state.
- Appoint a board of three or more directors.
- File articles of incorporation with the Secretary of State that describe the nonprofit’s purpose and how it will be organized.
- Prepare bylaws that outline how the organization will operate when it comes to holding meetings, electing directors and officers and other formalities.
Starting a nonprofit organization can be very complicated, but it can be made simpler with the help of our skilled attorneys. We will review your specific goals for your organization, help you assemble and file the proper documentation and guide you through the entire initial formation process.
We advise organizations about compliance matters
To become a federal tax-exempt, or 501(c)(3) organization, nonprofits must fill out and file IRS Form 1023, which is an application for recognition of exemption. You will be required to provide extensive details about your organization, including its history, activities, finances, organizational structure and more. Smaller nonprofits may be eligible to file a shorter and simpler version of the form, depending upon the amount of their annual gross receipts and assets. In Louisiana, you will automatically be exempt from state income taxes once your federal exemption is approved. We can complete these forms for you to ensure that all required information is provided — potentially speeding up recognition of your organization’s exemption — and answer all of your tax-related questions.
To maintain nonprofit status, your organization must be compliant with both state and federal laws that govern how nonprofits operate. For example, depending upon its size, you may have to register with the state attorney general’s office before starting any fundraising activities. If you have employees, they must be classified correctly or the IRS can penalize your organization. We can advise you about regulations that apply to your nonprofit to ensure its compliance.
OUR FIRM ASSISTS NONPROFITS WITH DISSOLUTIONS
The process of dissolving a nonprofit is quite involved and depends upon many factors, including whether the dissolution is voluntary or involuntary, whether the nonprofit has debt or immovable property and whether your organization has members. Our attorneys thoroughly understand the dissolution process and can guide you through each step based on your unique circumstances.
Contact our experienced Louisiana attorneys for a free initial consultation
The seasoned law firm of Denechaud and Denechaud, L.L.C. in New Orleans advises Louisiana clients on forming and running nonprofit and charitable organizations. To schedule a free consultation, call our firm at 504-356-9431 or contact us online.