Fresh water is becoming a scarce resource in the United States and across the globe as demand continues to rise due to population and business growth. This emergent scarcity means businesses will face more consequences of the complex regulatory and legal frameworks governing water use and water quality.
Michael Best’s Water team understands those issues. We guide clients through the heavily regulated, politically sensitive environment surrounding the management of, investment in, and development of water resources.
From artificial intelligence (AI) and machine learning to autonomous vehicles, virtual reality, and cryptocurrency, the rapid evolution of technology shows no sign of slowing down. Companies in the digital technology sector are among the world’s most highly valued companies, with good reason. And businesses in every sector now use digital technology in all kinds of ways, from basic email to sophisticated data analytics.
In today’s rapidly changing market, you need an intellectual property team that will enhance and safeguard your competitive position. Our nationally recognized IP practice offers three key advantages: we know your business; we understand your technology; and we have the advocacy skills to help you develop, manage, and protect your intellectual assets.
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Earlier this summer, the IRS published a memorandum, casting serious doubt on whether NIL collectives qualify for tax-exempt status under Section 501(c (3) of the Internal Revenue Code. Beyond the NIL context, and while not directly addressed in the IRS memorandum, the memorandum raises questions regarding whether (and to what extent) an organization described in Section 501(c)(3) of the Code can rely on a favorable determination letter from the IRS. This presentation will explore (1) the consequences the memorandum may have on NIL collectives relying on a favorable IRS determination letter; (2) the rules pertaining to a tax-exempt organization’s reliance on its favorable determination letter; and (3) when retroactive revocation may be appropriate for organizations that filed a Form 1023 with a material omission or misstatement of fact.
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Thursday, November 9, 2023
1:00 - 2:00 PM
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