Associations, Foundations, Nonprofits, and Charities
Social engagement takes many forms, from large nonprofits doing social work, to sports organizations and cultural societies, to family foundations.
Associations, Foundations, and Nonprofits
Association / Foundation / Nonprofit
There are many legal forms which an NGO or CSO can take. Which one is right for you depends on your intended aims. If you want to pursue a common goal with many others, an association could be the right choice for you. If, on the other hand, you would like to open a daycare center, a gGmbH is probably the right structure. Or if your goal is to secure your family’s estate then you should consider starting a foundation.
Nonprofit / Charity
Each of the organizational forms above is a legal entity or “person”. They are subject to corporate income and business taxes. Tax exempt status can be obtained if the purpose of your organization is charitable.
This applies especially to income from renting and leasing or from donations, which can be used to build up asset reserves.
The Consulting Services We Offer
Our custom-tailored guidance helps you maximize efficiency while optimizing your tax liability:
You might also be interested in:
ANNUAL FINANCIAL STATEMENTS
As a business owner, you want to be proactive, manage your tax situation, and have a solid foundation upon which to make decisions. That’s why you need to know your company’s performance before the end of the fiscal year. We can guide you in real time.
REAL ESTATE TAX LAW
Real estate plays an essential role in wealth accumulation for both individuals and businesses. That’s true whether the real estate is a private residence or a multi-unit apartment building. Real estate is often a cornerstone of retirement planning.