Highly Experienced Business, Non-Profit and Religious Organization Lawyer
Lawyer for Business Contracts and Non-Profits

Highly Experienced Business, Non-Profit and Religious Organization Lawyer
"Forward Looking" means that Irene Zelnick, a New York City based lawyer, is committed to practicing in a way designed to enable clients to avoid expensive legal surprises caused by incomplete legal coverage. We are dedicated to using our best efforts to providing you with proper legal protections before you find yourself in a situation that could require legal action.
For over twenty-five years, Irene has been dedicated to helping business clients of all sizes and types of transactions, by providing pragmatic advice and skilled negotiations and drafting. By focusing on the client's needs first, Irene has enabled them to use a preventive approach for implementation of their transactions and the conduct of day-to-day operations.
Irene Zelnick is commited to meeting the needs of the clients of this firm. She will help you figure out your best next steps within your time frame. The sooner you have a plan of action, the better your chances of taking the correct steps to get the results you want.
Irene Zelnick has provided legal advice for over twenty-five years, and has a proven track record of success. In addition to private practice work, Irene has served as a General Attorney and Section Head for a Fortune-100 Corporation and worked for several large law firms (following a Federal Court clerkship in the Southern District of New York) handling Initial Public Offerings, acquisitions, commercial law, and international transactions. Additionally, Irene has served as an Adjunct Professor at the NYU Management Institute and as an Adjunct Professor at Nyack College where she taught Business Ethics. Ms. Zelnick uses those experiences to help you obtain the results you need.
There are several different types of business entities that are potentially available to you.
These include:
It is important to have proper supporting documentation establishing any business arrangement you form.
This firm will work with you to prepare necessary "forward looking" documentation such as:
Without these protections, disagreements may grow into ugly disputes which could result in acrimonious, costly, time-consuming litigation.
If you go into business with one or more other parties, you need to formalize the manner in which your business will be operated, the inter-relationship of the parties and the protections for your business.
To accomplish this you need appropriate agreements which will provide for:
· Business Plans Implementation
· Trade Secrets Protections
· Capital Contribution Requirements
· Exit Strategies for Departing Partner
To accomplish this, and more, you need to have an appropriate partnership, shareholder or operating agreement, depending upon the type of entity. Your agreement should include non-compete provisions, confidentiality and non-disclosure protections.
There are many other issues to consider: these are just a few of the issues and agreements that we can help you with.
A not-for-profit corporation must be formed at the outset. That format will not, however, entitle the corporation to solicit or receive tax-deductible contributions. That will require an application to the IRS for a federal tax exemption under Section 501(c)(3) of the Internal Revenue Code. The rules are complicated and involve an inter-play of state corporate requirements and IRS regulations.
Some of the issues to consider:
● state of incorporation
● board membership
● states in which you intend to solicit contributions
Some of the documents you will need are:
● Certificate of Incorporation (must include
IRS criteria) and By-Laws
● Conflict of Interest Policy
● IRS Application Form
The ultimate object is to satisfy the IRS’s requirements, which are lengthy and detailed, with the initial filing. This law firm has thus far managed to do so every time.