Print Page   |   Contact Us   |   Your Cart   |   Sign In   |   Register
Sign In


Forgot your password?

Haven't registered yet?

Calendar

12/8/2016
Networking Professionally and Ethically (Webinar)

12/8/2016
Structuring Minority Interests in Businesses (Telephone)

12/8/2016
Ethics and Establishing and Ending an Attorney-Client Relationship (Telephone)

12/9/2016
Advanced Google Search for Lawyers (Webinar)

Choice of Entity for Nonprofits & Obtaining Tax Exempt Status (Telephone)
Tell a Friend About This EventTell a Friend
 

Counseling a client about choice of entity for a nonprofit or charitable enterprise is a multilayered process. Frist, clients need to understand that not all nonprofits are charities. They may be mutual benefit entities like credit unions. Even if the enterprise is nonprofit and charitable in nature that does not necessarily mean the enterprise is tax (or even can be) tax exempt.

8/19/2016
When: Friday, August 19, 2016
12:00 PM - 1:00 PM

« Go to Upcoming Event List  

MCLE Accreditation
Nebraska Activity #126887, 1.0 hour CLE

Counseling a client about choice of entity for a nonprofit or charitable enterprise is a multilayered process.  Frist, clients need to understand that not all nonprofits are charities. They may be mutual benefit entities like credit unions. Even if the enterprise is nonprofit and charitable in nature that does not necessarily mean the enterprise is tax (or even can be) tax exempt. Once these distinctions are made, attorneys need to counsel clients about the subtle advantages and disadvantages of four major types of entities, all formed under state law. Then there is the distinct issue of how that entity is classified for federal tax purposes. – a public charity, a private foundation of one type or another, a donor-advised fund or a supporting organization. Each comes with its own subtle tradeoffs.

  • Choice of entity considerations for nonprofits enterprise
  • Understanding the differences among nonprofit, charitable and tax exempt organizations
  • Management, tax, and other tradeoffs among corporations, unincorporated associations, LLCs, and LPs for nonprofits
  • Review of benefits and drawbacks of private foundations v. public charities v. donor-advised funds v. supporting organizations
  • Restrictions on the activities and investments of each type of entity, including joint ventures with profit-making organizations
  • Real world guide to obtaining tax exempt status from the IRS
  • Practical considerations for the donees and donors in choice of entity – source of donated funds, donor control, distributions and other considerations
  • Growing popularity of not choosing an entity – using a single member LLC or utilizing a long-dormant entity

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 30 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 formerly served 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 Dechert, 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.



To Register:
Cost $89.00

http://ne.webcredenza.com/catalog.aspx?browse=ViewProg&catid=22551

  • Click on above link
  • Click “Login to add to cart” button at the bottom of the program page
  • This will take you to the log in page, FIRST time users will need to create a user name and password that is separate and distinct from any information you may have used for the Nebraska State Bar website
  • Please be sure to use the attorney name and contact information of the person who is to receive the CLE credit
  • Once completed click “Update & Proceed to Payment”
  • The final step is to click “Submit Payment”
  • At this point you will receive an email confirmation of the purchase
  • The day before the Program you will receive the dial in information and program materials
  • We will submit the program participation information to the Nebraska State Bar Association within 48 hours of the program completion

If you need additional information on your CLE credits please contact:
Sara Weber, Nebraska State Bar Association
(402) 475-7091 ext # 131; sweber@nebar.com

Nebraska State Bar Association, 635 S. 14th St., Suite 200, Lincoln, NE 68508
(402) 475-7091; Toll Free (800) 927-0117; FAX (402) 475-7098