TELESEMINAR: Choice of Entity / Form for Nonprofits

September 14, 2010
12:00 – 1:00 p.m.
1.00 MCLE hours

Telephone

The choice of entity for nonprofit and charitable organizations can be a more complex decision making process than for profit-making entities. The distinctions between the entities available to nonprofit and charitable organizations can be very fine but the consequences of the choice are substantial, implicating a range of real-world restrictions on operations, joint ventures, taxes, disclosures and more. Also, the choice of entity can be dramatically impacted depending on the mission of the nonprofit – educational or cultural, medical and human services or something else. This program will provide you with a practical framework of decision points for choosing the right entity for your client’s nonprofit or charitable mission.
 
Highlights:
  • Framework of entity choices available to nonprofit and charitable entities
  • Corporations, private foundations, donor-advised funds, public charities and supporting organizations, and more
  • Taxes and real-world restrictions on the activities and investments of each type of entity, including joint ventures with profit-making organizations
  • Best choice of entity depending on mission - health care, education, human services, arts, and more
  • Practical advice on obtaining tax exempt status once an entity choice has been made
    For more information about the new ISBA Teleseminar programs, please visit: http://www.isba.org/cle/teleseminar
 
Program Speaker:
Michele A. W. McKinnon, McGuireWoods, LLP, Richmond, Virginia
Michael Lehmann, Manatt, Phelps & Phillips, LLP, NY
 
 

Michele A. W. McKinnon is a partner in the Richmond, Virginia office of McGuireWoods, LLP, where she an extensive tax-exempt organization and charitable giving practice. She has more than 20 years experience representing public charities, major colleges and universities, supporting organizations, large private foundations, and charitable trusts. She is a Fellow in the American College of Trust and Estate Counsel and currently serves as its Virginia State Chair. Ms. McKinnon received her B.A. from the University of Virginia, her J.D., magna cum laude, from the University of Richmond School of Law, and her L.L.M. in taxation from the College of William & Mary Marshall-Wythe School of Law.

Michael Lehmann is a partner in the New York office of Manatt, Phelps & Phillips, LLP, where he specializes in tax issues related to non-profits and in the tax treatment of cross-border transactions.  He advises hospitals and other health care providers, research organizations, low-income housing developers, trade associations, private foundations and arts organizations. He advises clients on obtaining and maintaining tax-exempt status, executive compensation, reorganizations and joint ventures, acquisitions, and unrelated business income planning. Mr. Lehmann received his A.B., magna cum laude, from Brown University, his J.D. from Columbia Law School, and his LL.M. from New York University School of Law.

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