Lawyers Alliance Offers Nonprofit Workshop

Tuesday, November 2, 2010 - 00:00

The Lawyers Alliance of New York City is holding a half-day workshop for those interested in forming and raising capital as a nonprofit titled Business Ventures for Nonprofit Organizations.The workshop will be held on Thursday, December 9, at the offices of Lawyers Alliance, located at 171 Madison Avenue in New York City.

The program begins at 9:30 a.m. and ends at 12:30 p.m.

Increasingly, nonprofit organizations are involved in implementing business ventures in order to promote job development, encourage neighborhood revitalization, and create new revenue streams to support their work. This workshop will explore the different legal structures through which nonprofit organizations can participate in business ventures and commercial activity, with a focus on limited liability companies, for-profit subsidiaries, partnerships, and contractual joint ventures. The second segment will focus on the benefits and disadvantages of these legal structures, with emphasis on the goals of protecting the nonprofit organization from potential liability, protecting the nonprofit organization's tax-exempt status, and raising outside capital for the business venture. The final segment will look at sample operating agreements for limited liability companies and other legal structures.

For information visit CLE Events on The Metropolitan Corporate Counsel website at www.metrocorpcounsel.com.

To register for the program visit www.lawyersalliance.org.