Associations, Foundations and Third Sector Entities.

Establishment of Associations and Foundations

The establishment of associations and foundations is the first step in formalizing the creation of a Third Sector entity. Each entity must adopt articles of incorporation and bylaws that clearly define the organization’s purpose, organizational structure and management methods. The bylaws must also comply with the provisions of the Third Sector Code, especially with regard to the rules of transparency, participation and control.
Studio Notarile Ferraro offers assistance in drafting and stipulating the articles of incorporation and bylaws, ensuring that the entity is established in full compliance with the law. We also take care of the registration of the entity with the relevant registries, such as the Single National Register of the Third Sector (RUNTS), and advise on all the formalities necessary to obtain legal recognition.
Stages of incorporation:

Legal Recognition of Third Sector Entities.

Legal recognition is an essential step for entities that wish to acquire legal personality and operate with greater security and autonomy. With legal recognition, the entity becomes a separate entity from its founders or directors, which means that only the entity will be responsible for the obligations it assumes and not the individual members.
Ferraro Notary Firm offers assistance in the legal recognition process, ensuring that all formalities are met. Our task is to ensure that the entity acquires a legal personality that complies with regulations, protecting both the entity and its representatives.

Adaptation of Statutes to the Code of the Third Sector

Entities already operating in the Third Sector need to adapt their statutes and regulations to the new regulations under the Third Sector Code. Our firm provides comprehensive advice onupdating bylaws, ensuring that the entity can continue to operate while benefiting from the tax and legal benefits provided by the law.
Adjusting bylaws is particularly important to ensure transparency in governance and to comply with the internal control and reporting rules established by the code. Our firm assists entities in all stages of the process, from the revision of existing bylaws to their approval and registration with the relevant authorities.
Benefits of statutory adjustment:

Assistance in Drafting Bylaws and Regulations

Every Third Sector entity must adopt bylaws that clearly reflect the purpose of the organization and define how the entity operates. The bylaws must establish:

Ferraro Notary Firm offers advice on drafting bylaws and internal regulations, ensuring that each document complies with regulations and that the entity has a sound legal and administrative structure. We also provide support in the management of meetings and resolutions to approve bylaws.

Fiscal and Regulatory Adjustments for Third Sector Entities.

Third Sector Entities must comply with a number of specific tax and regulatory obligations in order to benefit from the tax breaks provided by law. Our firm provides advice to ensure that the entity meets all obligations under the Third Sector Code, such as transparency in financial statements, financial reporting, and compliance with tax requirements.
Key tax requirements for Third Sector entities include:

The Ferraro Notary Firm ensures that each entity is in compliance with its tax and accounting obligations, helping it benefit from the tax breaks provided by the legislation.