News and Events
April 12, 2012
Attorneys address outdoor clubs on Marcellus Shale rights, tax status
McQuaide Blasko attorneys Daniel Bright and Thomas Schrack spoke on "Tax Traps and Tips for Nonprofit Hunting Clubs Engaged in Oil and Gas Leasing" at the Pennsylvania Federation of Sportsmen's Clubs' spring convention in Scranton last month.
As tapping of the Marcellus Shale natural gas play has developed, many Pennsylvania outdoor clubs have leased their oil and gas rights. The McQuaide Blasko attorneys addressed PFSC members on handling sign-on bonuses, maintaining nonprofit status, and other tax related matters.
Established in 1932, the Pennsylvania Federation of Sportsmen's Clubs represents approximately 100,000 club and individual members.
Mr. Bright and Mr. Schrack are members of McQuaide Blasko's business and corporate law practice group. Mr. Bright represents nonprofit organizations on topics ranging from formation to obtaining tax-exempt status to gift planning. Mr. Schrack frequently advises clients on matters relating to Marcellus Shale development, including leasing, title disputes, and acquisition of rights.