The New IRS Form 990: What Does It Mean For Your ... - Venable LLP

chapters, and their subsidiaries through a variety of mechanisms. Finally, we have counseled
numerous association clients in the establishment and operation of captive insurance companies.
• Real Estate. Venable’s highly respected real estate practice assists clients with complex commercial
real estate transactions, including structuring sale, purchase or lease transactions, preparing financial
documentation, and obtaining land use approvals. For instance, we represented the Special Libraries
Association in the sale of its historic D.C. headquarters building and the purchase of its new
Alexandria, Virginia headquarters, and did the same for the Air Conditioning Contractors of America
prior to that. We also advise clients on the tax implications of various real estate transactions,
including, most recently, The American Institute of Architects. Venable has particular experience
representing title holding subsidiaries of tax-exempt organizations including 501(c)(2) and 501(c)(25)
entities, as well as single-member limited liability corporations. We are very familiar with the
unrelated business income issues that surround the use of these entities, as well as the limitations on
their activities.
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