Brooks Pierce attorney Jamey Lowdermilk recently guest lectured at the University of North Carolina at Greensboro for a music entrepreneurship course, speaking on nonprofit formation.
In her presentation, Lowdermilk introduced students to legal concepts behind a 501(c)(3) nonprofit, including exemption from corporate taxation under 501(c) of the Internal Revenue Code and applicable state law. She outlined the benefits and costs of starting a nonprofit organization and discussed the actual steps of nonprofit formation. Lastly, Lowdermilk introduced the key fiduciary duties required of nonprofit directors, including the duties of care, obedience and loyalty.
Lowdermilk brings her experience as a law clerk in the U.S. Bankruptcy Court to guide clients through the complicated bankruptcy process. She also represents businesses and individuals in complex commercial matters in state and federal courts and advises clients establishing new entities and reorganizing existing endeavors.