Affiliations Between Nonprofits and For-Profits (MCLE)
Donate below to view this video (recorded at the 2019 Social Enterprise Law Seminar) presented by Gene Takagi, NEO Law Group. We will e-mail you a link to the CLE video and instructions on how to obtain California participatory CLE credit.
This session on nonprofit law will cover affiliations between nonprofits and for-profits and include contractual relationships, parent-subsidiary structures, commercial coventures, and joint ventures. We'll explore how and why nonprofits create for-profits to engage in commercial activities and contrast that with running those activities within the nonprofits themselves. We'll also discuss how and why for-profits create nonprofits and where the resulting relationships go right and wrong. One alternative to creating a nonprofit is to create a fiscally sponsored project within an existing charity. This alternative is often poorly understood, so we'll spend some time reviewing how fiscal sponsorship can work. Finally, we will provide a high level overview of joint ventures and other forms of informal and formal relationships between nonprofits and for-profits, giving the attendee an idea of the range of possibilities.
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