Karen Sherman has represented the Greyston Foundation on a number of highly complex transactions over the past decade. She has been a highly competent and professional advocate for us in all of these deals, and her understanding and insight into our needs has been exceedingly helpful. To balance out her professional skills, Karen is a joy to work with, with as strong commitment to our ideals and mission.
Steve Brown
Executive Director of Greyston Foundation

Business Counseling

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Business Counseling
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Full Service Representation for a Not for Profit including Start-up, Tax Exemption, Operational Issues, Contracts, and Project Development

General Business Operations:

ShermanLaw works closely with its clients to understand their every day operations and strategic growth needs, including:

  • Creating the Appropriate Legal entity
  • Planning and Resolving Operational issues
  • Policy Development
  • Creating Affiliated Entities, tax and tax exempt and social enterprises
  • Obtaining Federal Tax Exemption 501(c)(3)
  • Obtaining State Tax Benefits
  • Obtaining NYC Tax Benefits
  • Management Agreements
  • Thinking through the Need to Merge or Consolidate
  • Negotiating Lines of Credit and Operating Loan Agreements
  • Reviewing Grant Obligations
  • Negotiating Commercial Leases
  • Planning for Growth/Expansion
  • Analyzing need for and Negotiating Joint Ventures
  • Dissolutions

Not for Profits:

ShermanLaw advises a wide array of not for profit organizations in all aspects of their operations, including basic contract issues, lines of credit, commercial leases employment issues, and finance and project development.

Our not for profit practice draws on our expert knowledge of:

  • Community Development Corporations (CDC's)
  • Community Based Organizations (CBO's)
  • Housing Development Fund Corporations (HDFC's)
  • Community Development Financial Institutions (CDFI's)
  • Community Development Housing Development Organizations (CHODO's)
  • Faith-Based Housing Organizations
  • Thrift Stores
  • Cultural Organizations
  • Healthcare Organizations
  • Educational Organizations
  • Advocacy Groups
  • Day Care Providers
  • Cultural and Arts Centers
  • Finance