In this course, practitioners from a number of sectors will discuss the different affiliation techniques that they use, describe the creation, operation and dissolution of for-profit subsidiaries, and discuss the benefits and pitfalls of corporate membership relationships among nonprofit organizations; including the fiduciary and liability implications of such relationships.
Multi-entity nonprofit organizations exist for a variety reasons. Nonprofits may affiliate with other nonprofits through corporate or contractual relationships for specific projects or endeavors. Nonprofit organizations may also choose to affiliate rather than merge, to avoid organizational upheaval, or for cultural, tax, accounting, financing, or liability reasons. For similar cultural, tax, accounting, financing or liability reasons, nonprofits may choose to create wholly owned subsidiaries or other affiliate entities to embark on new operations or lines of business, rather than conducting these through their central operating entities.
Our panel of experienced practitioners will offer considerations and techniques for affiliating, and for unwinding affiliations, in the university, healthcare, cultural and real estate sectors. For-Profit Subsidiaries will be addressed, as well as corporate member relationships.
Program Outline:
I. Nuts and Bolts of Nonprofit Affiliations
Martha J. Nahill Frahm; Goulston & Storrs P.C.
Christopher M. Jedrey; McDermott Will & Emery
Robert E. Cowden III; Casner & Edwards, LLP
Martin Oppenheimer; Senior Counsel for Business Affairs, Tufts University
Moderator: Elka T. Sachs; Krokidas & Bluestein LLP
II. For-Profit Subsidiaries
Sharon Lincoln; Foley Hoag LLP
Kendi Ozmon; Ropes & Gray LLP
III. Corporate Membership Relationships: Exercise of Power, Fiduciary Duties and Liabilities
Melissa Sampson McMorrow; Nutter McClennen & Fish LLP
David Szabo; Edwards Wildman Palmer LLP
Jonathan Green; Office of the Attorney General, Commonwealth of Massachusetts
Moderator: Elka T. Sachs; Krokidas & Bluestein LLP
If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance. Credit totals for other formats are for complete programs. Partial credit is not available for any online or downloadable format.
West LegalEdcenter will not provide accreditation for states not listed.
This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing west.wlec-sales@thomson.com.
