Colorado nonprofits abound in the state’s vibrant culture and environment. If you want to start a nonprofit, it’s essential to get started on a solid legal foundation and have trustworthy legal support throughout your operations. At The Law Office of Poorvi B. Parkhie, nonprofits hold a special place in our hearts. We know you are working with limited funds for a noble purpose. We provide a wide range of legal services to nonprofits, applying more than 20 years of experience in business, corporate, and finance law. Our goal is to help you thrive and succeed in whatever nonprofit endeavor you pursue.

For Colorado nonprofits, Denver-based business attorney Poorvi B. Parkhie offers dependable legal support that is easy to understand and stress-free. In applying her extensive business and finance law experience, Poorvi works efficiently and provides exceptional quality services at reasonable rates. She provides straightforward, honest advice in a timely manner to help her clients succeed and grow throughout the lifecycle of their nonprofit.

Formation of a Nonprofit

We advise on how to best organize your nonprofit and help with completion of all your IRS formation documents. Establishing a nonprofit requires completion of a significant amount of paperwork and several applications at the federal and state levels. For a 501(c)(3) organization, the most common nonprofit structure, these steps are required:

  • Obtain incorporation in Colorado
  • Submit IRS Form 1023 for tax exempt status
  • Obtain Colorado’s corporate income and sales tax exemption
  • Register with the Colorado Secretary of State

In addition, you have several annual federal and state filing requirements to maintain your nonprofit status, including:

  • IRS Annual Return Form 990
  • Colorado Secretary of State Registration Renewal

There may be different annual and initial filings, for different types of structures. If you choose a different structure, we determine the precise forms you need.

Benefits of Becoming a Nonprofit

Becoming a nonprofit can offer several benefits, including:

  • Specific liability and personal asset protection for the nonprofit’s owners, officers, and board members
  • Tax exemption from the IRS for federal income tax
  • Asset and property tax deductions
  • Tax-deductible donations for public and private donors
  • Tax-free grant eligibility for government, public, and private grants
  • Free volunteers and unpaid interns
  • Potential postage discount from USPS

To gain these and other advantages of a nonprofit, you must follow specific regulations and procedures when forming your organization. We guide you step by step through the special procedures for the best type of nonprofit for your needs and goals. Our advice covers offering the advantage of our years of nonprofit experience, as well as in-depth knowledge of applicable for-profit practices.

Ongoing Legal Support During the Lifecycle of Your Nonprofit

We support all aspects of your operations after the legal foundation is in place, making certain your programs do exactly what you need them to do, including specialized grants and program-related investments. We also ensure that your fundraising and gift programs are well designed and legally compliant. Strategizing innovative ideas for carrying out your mission and helping to bring those ideas to life are one of our strengths.

We also have you covered with normal business needs like contracts and agreements, intellectual property, and commercial real estate transactions.

Your Partner in Business

Every business owner needs a trusted lawyer by their side who understands their operations and goals and has the experience and knowledge to respond quickly when legal issues arise. For many of our nonprofit clients who do not need full-time in-house legal counsel, The Law Office of Poorvi B. Parkhie serves as outside general counsel, a role that includes providing contract services on an on-going basis and addressing other legal needs as they arise.

Check out our Blog and our Guide for Small Businesses in Colorado to learn more about how we can help your business succeed and grow.

Can We Help with Your Colorado Nonprofit?

We invite you to use our online contact form to schedule a free 30-minute virtual or phone consultation to talk about how we can help you establish your nonprofit and make it grow, and thrive.