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Joint Ventures Between For-Profits and Non-Profits (teleseminar)
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This program will provide you with a real-world guide to structuring and drafting nonprofit/for-profit JVs, to limit risk for the nonprofit.

When: 10/13/2016
1:00 PM to 2:00 PM
Where: United States
Contact: (404) 521-0781

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An 800 number connects you to nationally recognized practice leaders who will speak on important issues and emerging trends in the law. You can also pose your own questions to the speakers. Written materials and other details are emailed in advance to pre-registrants.

Joint Ventures Between For-Profits and Non-Profits, 1 CLE hour

1:00 p.m. E.T. (60 minutes)


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.

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