Nonprofit Dissolution – Corporate Endings and Related Legal Compliance

Nonprofit Transitions – Mergers, Asset Transfers, and Other Pivotal Corporate Transitions Corporate mergers and their legal kin, namely asset transfers and consolidations, sound like business concepts, but they bear enormous potential significance for nonprofit organizations. Nonprofits can use these corporate transitions as powerful strategic options for combining and leveraging shared visions and resources. This session covers the basics of nonprofit mergers, consolidations, and asset transfers to help nonprofit leaders determine when such key transitions might be a viable option – along with how best to accomplish each transitional process.

Topics covered include: Family Bereavement Leave Act; Employee Sick Leave Act; Illinois Human Rights Act (Crown Act); One Day Rest in Seven Act; and more.

Starting a Nonprofit What formational questions should practitioners address and resolve in helping clients develop new nonprofits? Careful attention to applicable nonprofit state law, bylaws, corporate policies, and governance dynamics is critical, along with due consideration for how best the nonprofit fits Section 501(c)(3) tax-exempt classification. Learn more about important legal compliance, best practices, and pitfalls in this session focusing on initial corporate development and successful tax-exempt applications - all to well equip nonprofit leaders for long-term vitality.