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Nonprofit Joint Ventures - Partnering with For-Profit Organizations

Are you considering partnering with a for-profit company? Find out everything you need to know about possible tax issues that can arise when you form a partnership.

In a time of economic upheaval, nonprofits everywhere are struggling for new sources of funding and expense sharing. Simultaneously, the nonprofit sector has seen a growth in social enterprises - businesses designed not just to make a profit, but to further social goals. Given these two trends, more and more nonprofits find themselves considering for-profit activities such as joint ventures. This topic will cover the basic tax issues of for-profit/nonprofit joint ventures, IRS pronouncements and court cases to date, and some drafting tips and practical issues that may arise in forming a joint venture.

Runtime: 86 minutes
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Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Exemption Issues

  • Organizational and Operational Tests
  • Private Inurement and Private Benefit
  • Plumstead Theater and For-Profit Activities

UBTI Issues

  • General Background
  • UBTI Taxation of Partnerships, S Corporations and Dividends

Revenue Ruling 98-15: The Good, the Bad and the Ugly

  • Background: Whole Hospital Joint Ventures vs. Ancillary Joint Ventures
  • The Good Example
  • The Bad Example

St. David's, Redlands and Other Guidelines

  • Redlands
  • St. David's
  • Educational Rulings and Ancillary Joint Ventures

Practical Issues and Drafting

  • Purpose Statement in the Joint Venture
  • Board Control
  • Management Agreements
  • Debt Structures and Liabilities
  • Other Traps
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Elaine Waterhouse Wilson

Elaine Waterhouse Wilson

  • Associate professor, West Virginia University College of Law, teaching federal income taxation, taxation of business entities, estate and gift taxation, tax-exempt organizations, and nonprofit organizations
  • Previously a partner in private practice in the Tax-Exempt Organizations Group of the Chicago office of Quarles & Brady LLP, 2007 to 2011; an associate and then partner in the Estate Planning Group of the Indianapolis office of Barnes & Thornburg LLP, 1996 to 2007; and an associate in the Individual Client Practice of Sullivan & Cromwell in New York City, 1993 to 1996
  • Named Nonprofit Lawyer of the Year for Chicago for 2012 by the Leading Lawyers Network
  • Chair, Charitable Group of the American Bar Association’s Section on Real Property, Trusts and Estates; immediate past chair of the ABA Charitable Organizations Group
  • WVU College of Law’s 2014 Professor of the Year; 2015 WVU Foundation Professor of the Year
  • Listed in The Best Lawyers in America, 2007 to present, nonprofit/charities law
  • Named as one of the 40 Illinois Attorneys Under 40 To Watch, Law Bulletin Publishing Company, Chicago Lawyer magazine and The Chicago Daily Law Bulletin, 2009
  • Received the 2006 Pro Bono Publico Award, Indiana Bar Foundation
  • J.D. degree, magna cum laude, Boston University School of Law; B.A. degree, magna cum laude, Boston University College of Liberal Arts
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Product ID: 396657
Published 2015
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