Identify and understand the underlying tax principles involved with joint ventures and for-profit subsidiaries.
In a post-COVID time of inflation and economic uncertainty of economic upheaval, nonprofits everywhere are struggling for new sources of funding and expense sharing as need for their services grows exponentially. Simultaneously, the nonprofit sector has seen an influx of 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 in order to address their funding needs and the growing needs of the constituencies they serve. This topic will cover the basic tax issues for organizations contemplating entering for-profit/nonprofit joint ventures, including IRS pronouncements and court cases to date It will also address and some drafting tips and practical issues that may arise in forming a joint venture. This presentation will help attorneys, nonprofit administrative personnel, and nonprofit financial advisors understand the parameters that govern joint ventures as they consider entering into new revenue arrangements.
Agenda
Faculty
Elaine Waterhouse Wilson
- Professor of Law and prior Associate Dean for Academic Affairs, West Virginia University College of Law
- Teaches federal income taxation, taxation of business entities, estate and gift taxation and estate planning, nonprofit organizations, contracts, and other areas of transactional law
- 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
- Prior Chair, Charitable Group of the American Bar Association’s Section on Real Property, Trusts, and Estates; 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
- Can be contacted at [email protected] or 304-293-7802
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
Additional benefits include:
- State Specific Credit Tracker
- Members Only Newsletter
- All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
More Program Information
Access to all training products $699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
