Industries & Services

Serving a diverse range of industries across an array of service areas.

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Industries & Services

Serving a diverse range of industries across an array of service areas.

Not-For-Profit Law

The Towne Law Firm, P.C. services

The Towne Law Firm, P.C. has the experienced team you need to help resolve your not-for-profit law concerns and assist you in maintaining your charitable designation both with the IRS and the NYS Charities Bureau. We help your organization balance the numerous state and federal laws that need to be considered to meet all the requirements for an IRS 501(c)(3) or a 501(c)(6) entity.

Our attorneys are experienced in creating and managing not-for-profit organizations. This unique knowledge is passed on to all of our not-for-profit clients. It is also the reason why our attorneys are asked to serve as board members for various local, regional, and international not-for-profit organizations.

Whether you are an educational, religious, or charitable organization, or a qualified business league, The Towne Law Firm, P.C., will work diligently to represent your organization’s interests effectively. With office locations in New York, Vermont, and Massachusetts, our Firm stands ready to be a powerful partner on behalf of your organization.

We provide a wide range of legal counsel and services including:

  • Accountability and auditing structure
  • Articles of incorporation
  • By-laws
  • Economic activity
  • Financial disclosure
  • Fundraising compliance
  • Good Governance
  • Provisions for the amendment of the statutes
  • Provisions for the dissolution of the entity
  • Requirements for Tax Exemption
  • State and Federal Tax Issues
  • Supervision and management provisions
  • Tax status of corporate and private donors
NEWS & UPDATES

Corporate Transparency Act Update: Exemption for Domestic Entities and New Requirements for Foreign Reporting Companies

ALBANY, NY | On March 21, 2025, FinCEN issued an interim final rule on the Corporate Transparency Act (CTA). As of March 26, 2025, all entities created in the US—including those known as “domestic reporting companies”—and their beneficial owners are exempt from the beneficial ownership information (BOI) reporting requirement imposed by the CTA. Key Changes […]

Mar 28, 2025 - Read More

Corporate Transparency Act: FinCEN Update on Enforcement and Reporting Requirements

ALBANY, NY | On February 27, 2025, the Financial Crimes Enforcement Network (FinCEN) announced that it will not be issuing penalties, fines, or taking other enforcement actions against any reporting companies for failure to file or update Beneficial Ownership Information (BOI) reports under the current Corporate Transparency Act (CTA) guidelines, including the March 21, 2025 […]

Mar 14, 2025 - Read More
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