Potomac is a census-designated place (CDP) in Montgomery County, Maryland, United States, named for the nearby Potomac River. The population was 44,822 at the 2000 census. The Potomac area is known for its very affluent and highly-educated residents. CNNMoney. com placed Potomac seventh on its list of top-earning American towns for 2008, one place ahead of neighboring McLean, Virginia. Potomac is also the seventh top-educated American small town according to Forbes. Many Potomac residents work in Washington, D.C..

What is non profit law?

A non-profit organization (abbreviated as NPO, also known as a not-for-profit organization) is an organization that does not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals. Examples of NPOs include charities (i.e. charitable organizations), trade unions, and public arts organizations. Attorneys who work with non-profit organizations help in establishing and operating a non-profit within the requirements of the law, deal with issues of taxation, corporate governance, telephone solicitation and charitable fraud.

Answers to non profit law issues in Maryland

A nonprofit corporation is a group of people who join...

Here are some circumstances that might make it worth your while to incorporate and get tax-exempt status:

    ...

Non-profits will want to apply for and obtain federal and state nonprofit tax exemptions. Many groups don't want to...