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Calendar

12/7/2016
8 Mistakes Experienced Contract Drafters Usually Make (Webinar)

12/7/2016
Estate Planning for Real Estate Part 2 (Telephone)

12/7/2016
Buying/Selling Commercial Real Estate, Part 2 (Telephone)

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

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

Joint Ventures Between For-Profits and Non-Profits (Telephone)
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Nonprofits frequently partner with for-profit companies to support their charitable or educational mission. But these JVs come with great risk and complexity. The risk is that nonprofits lose their tax exempt status because the JV doesn’t closely adhere to the vast regulations governing nonprofits. The complexity involves negotiating and drafting substantial commercial arrangement between entities with differing purposes: What type of property is each entity contributing?

10/13/2016
When: Thursday, October 13, 2016
12:00 PM - 1:00 PM

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MCLE Accreditation
Nebraska Activity #128539, 1.0 hour CLE
***Because these seminars are provided through a third party, NSBA dues-paying members are NOT ABLE to use their 2 free ethics credits for these seminars.***

Nonprofits frequently partner with for-profit companies to support their charitable or educational mission. But these JVs come with great risk and complexity. The risk is that nonprofits lose their tax exempt status because the JV doesn’t closely adhere to the vast regulations governing nonprofits. The complexity involves negotiating and drafting substantial commercial arrangement between entities with differing purposes: What type of property is each entity contributing? What is their allocation of profits/losses and when are cash distributions made? How are governance responsibilities and liability allocated? Who gets what if the JV fails? If not carefully planned and drafted, the JV risks the nonprofit’s exempt status. This program will provide you with a real-world guide to structuring and drafting nonprofit/for-profit JVs, to limit risk for the nonprofit.

  • Structuring and drafting non-profit/for-profit and nonprofit/nonprofit joint ventures
  • Tradeoffs between entity JVs v. contractual JVs
  • Structuring considerations – capitalization, governance, allocations of profits/losses, cash distributions,
  • Defining term and termination – and allocation of post-termination ownership rights
  • Essential provisions to preserve status of nonprofit and limit risk
  • Special issues in JVs between nonprofit organizations
  • Administrative and compliance considerations in JVs

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.

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.



To Register:
Cost $89.00

http://ne.webcredenza.com/catalog.aspx?browse=ViewProg&catid=22584

  • 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