Navigating Nonprofit Partnerships, Joint Ventures & Commercial Co-Ventures: How Arts Organizations Can Avoid the Legal Pitfalls

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Overview

*Promotional and Fundraising Affiliations

– Corporate Sponsorships

– Licensing (Passive Royalty Income)

– Commercial Co-Venture

*Joint Activities

– Joint Programs Via Contract

– Subsidiary Entities

• LLCs

• Corporations

Also In This Presentation:

Managing Non-Taxable and Low-Risk Activities; Fundraising and Promotional Affiliations; Corporate Partnerships Maximizing Income; Corporate Sponsorship Income; Licensing Arrangements; Commercial Co-Ventures; Regulation of Commercial Co-Ventures: State Law; Regulation of Commercial Co-Ventures: BBB Standards; Federal Tax Law and Maximizing CCV Income; How to Approach Commercial Co-Ventures; Contract “Must Haves”; Joint Activities: Related Activities Contract Clauses; Managing Activities and Program Liabilities; Unrelated Activities; Tax and Liability Drive Structure; Taxable Activities, Liability & Attribution; Managing Liability Related & Insubstantial Activities; Managing Liability & Taxation; Separate LLCs and Corporations; Tax Implications for Separate Entity; Tax Implications for Parent Taxable Subsidiaries; Slippery Slope of Control; Tax Implications for Parent; And, Joint Ventures & Tax-Exempt Status Partnering With Non-Charitable Entities.

Please see full presentation below for more information.

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Published In: Art, Entertainment & Sports Updates, Business Organization Updates, General Business Updates, Nonprofits Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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