Storrings Law, a Coral Springs-based law firm, understands that running a business can be both a rewarding and simultaneously, frustrating experience. Whether you are the owner of a business, or a director in a non-profit business, you will face numerous challenges over the course of the life of your company. Many of these issues require an understanding of potential legal pitfalls should you make a misstep. That is why it is imperative that you consistently counsel with a knowledgeable lawyer capable of guiding you through the myriad of complex legal issues that can and will arise.
Storrings Law, a Coral Springs-based law firm, can help. We specialize in helping both for profit and non-profit businesses at all levels. We can help you in laying the foundation for a new business by assisting you in entity formation, drafting initial contracts to protect your intellectual property rights, and drafting employment policies that are in compliance with federal and state law. Moreover, for established business, Storrings Law can assist you in reviewing and revising current employment policies, and drafting contracts with vendors and contractors. Our goal is to help you avoid potential lawsuits. However, when lawsuits are unavoidable, we are also ready to litigate your company’s rights.
There are a number of legal issues and rules unique to non-profits, and as a result, many non-profit organizations can and frequently do struggle with legal compliance. Often times, board members are not even aware of the number of laws that impose certain duties on them personally, or of the fact that there are protections from liability when board members act in an appropriate and ethical manner. Storrings Law, a Coral Springs-based law firm, specializes in assisting non-profit organizations, and we are ready to help you.
If you are a member or director of a non-profit organization, some of the things you should be aware of include the following:
- A non-profit has no owners. Rather, non-profits are governed by a board of directors. Those directors are required to comply with state and federal laws, as well as the organization’s governing documents or articles and bylaws;
- A non-profit organization’s activities are all regulated by exempt organization tax law;
- A non-profit may have certain time limitations when voting or providing notice of approved actions to its members; and
- Non-profit organizations and board members can each be subject to significant fines, penalties and/or consequences when they take actions which are contrary to their governing documents or applicable law. This includes personal liability and potentially, revocation of the organization’s tax-exempt status.
How Storrings Law Can Help
At Storrings Law, a Coral Springs-based law firm, we provide guidance to non-profit organizations on a wide-array of matters, including but not limited to the following:
- Entity Formation;
- Drafting agreements with vendors, contractors, employees and board members;
- Guidance on employment laws and identifying potential employment issues;
- Guidance on potential compensation issues, including compensation to insiders and highly-paid executive compensation concerns; and
- Guidance on potential board member liability and board member obligations
If you are a decision-maker for a for profit company or non-profit organization and you are not currently working with a skilled lawyer, we strongly encourage you to contact us today. We are ready to help.