Not-For-Profit & Religious Corporations
As in the health care field, the representation of not-for-profit and religious corporations presents regulatory hurdles not found in the average business transaction. Certain business activities which can be freely undertaken in a for-profit corporation – such as fixing executive compensation or selling real property – require compliance with additional legal guidelines and might be subject to approval by appropriate authorities when undertaken by a not-for-profit or religious corporation. Additional regulations set forth the manner in which those corporations must be operated and limit the power of certain parties to make decisions or enter into transactions under certain circumstances. Accustomed to assisting businesses in a highly regulated environment, Weiss Zarett Brofman Sonnenklar & Levy, P.C., has the expertise to help not-for-profit and religious corporations operate effectively while abiding by the numerous state and federal laws to which they are subject.