Course1

Choice of Entity for Nonprofits & Obtaining Tax Exempt Status, Part 1

$65.00

Counseling a client about choice of entity for a nonprofit or charitable enterprise is a multilayered process.  First, clients need to understand that not all nonprofits are charities. Even if the enterprise is nonprofit and charitable in nature that does not necessarily mean the enterprise is eligible for tax-exempt status. 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. Second, there is the distinct issue of how that entity is classified for federal tax purposes. Each classification comes with its own subtle tradeoffs.  This program will provide you with a practical guide to non-profit choice of entity and obtaining tax-exempt status.    Day 1 – August 28, 2024: Framework of major choice of entity considerations for nonprofit and charitable organizations – corporations, LLCs and trusts Private foundations v. public charities – tradeoffs, costs, compliance Restrictions on the activities and investments of each type of entity, including joint ventures with profit-making organizations   Day 2 – August 29, 2024: Considerations involving joint ventures between for-profit and non-profit entities Practical Process of obtaining tax-exempt status – eligibility, timelines, and costs Counseling clients about ongoing compliance reporting   Speaker: 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.

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    Format
  • 60
    Minutes
  • 8/29/2026
    Avail. Until
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Course1

Choice of Entity for Nonprofits & Obtaining Tax Exempt Status, Part 2

$65.00

Counseling a client about choice of entity for a nonprofit or charitable enterprise is a multilayered process.  First, clients need to understand that not all nonprofits are charities. Even if the enterprise is nonprofit and charitable in nature that does not necessarily mean the enterprise is eligible for tax-exempt status. 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. Second, there is the distinct issue of how that entity is classified for federal tax purposes. Each classification comes with its own subtle tradeoffs.  This program will provide you with a practical guide to non-profit choice of entity and obtaining tax-exempt status.    Day 1 – August 28, 2024: Framework of major choice of entity considerations for nonprofit and charitable organizations – corporations, LLCs and trusts Private foundations v. public charities – tradeoffs, costs, compliance Restrictions on the activities and investments of each type of entity, including joint ventures with profit-making organizations   Day 2 – August 29, 2024: Considerations involving joint ventures between for-profit and non-profit entities Practical Process of obtaining tax-exempt status – eligibility, timelines, and costs Counseling clients about ongoing compliance reporting   Speaker: 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.

  • MP3 Download
    Format
  • 60
    Minutes
  • 8/30/2026
    Avail. Until
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Course1

Governance Principles & Management Agreements for Non-Profits

$65.00

Nonprofit and tax-exempt organizations of every size are complex. Boards of directors need to recruit and retain talented management, supervise the investment of endowments in often-volatile markets, engage profit-making corporations in joint ventures, and ensure the integrity of systems and policies in an environment of increased governmental and public scrutiny. Effective governance of these organizations is essential to advancing the nonprofit’s mission. When governance fails, the organization itself and its directors are exposed to potential liability. This program provides you with a real-world guide to major governance issues for nonprofits, including fiduciary duties of directors and officers, managing endowments, executive compensation issues, compliance, and conflicts of interest. • Governance issues for nonprofit organizations • Current IRS and attorneys general investigation and enforcement priorities• Essential provisions of nonprofit management agreements• Best practices for determining executive compensation• Fiduciary duties, potential liability, and indemnification of nonprofit directors and officers• Compliance issues, including Form 990   Speaker Michael Lehmann is a partner in the New York office of Dechert LLP, where he specializes in tax issues related to nonprofits and 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 on obtaining and maintaining tax-exempt status, executive compensation, reorganizations and joint ventures, acquisitions, and unrelated business income planning. 

  • MP3 Download
    Format
  • 60
    Minutes
  • 9/19/2027
    Avail. Until
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Course1

Governance for Nonprofit and Exempt Organizations

$65.00

Navigate the complex regulatory landscape governing nonprofit organizations where mission-driven objectives intersect with legal compliance and fiduciary responsibilities. This program addresses the unique governance challenges facing tax-exempt entities, from board composition and conflict management to regulatory reporting and public accountability standards. Ensure your nonprofit clients maintain their exempt status while achieving their organizational mission effectively.   Understand fiduciary duties and governance best practices specific to nonprofit board service Navigate IRS compliance requirements affecting tax-exempt status and public charity classifications Address conflict of interest policies and intermediate sanctions rules for excess benefit transactions Implement governance structures that balance mission achievement with regulatory compliance obligations   Speaker: 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.

  • MP3 Download
    Format
  • 60
    Minutes
  • 3/4/2028
    Avail. Until
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