Nonprofit Transitions – Mergers, Asset Transfers, and Other Pivotal Corporate Transitions

Nonprofit Dissolution When should a nonprofit cease its operations, and what are the key accompanying legal considerations for practitioners and their clients? Learn about voluntary, administrative, and judicial dissolutions, and why a voluntary dissolution may often be preferable. Learn how best to protect individual nonprofit leaders from potential individual liability, along with other tips and guidance for guiding clients well through potential challenges arising from related nonprofit corporate and tax-exempt requirements.

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.

Federal Tax Issues Affecting Nonprofits How can nonprofits best guard their Section 501(c)(3) tax-exempt status? What activities may they engage in, and what are potential operational problems? This session addresses key legal compliance aspects along with related do’s and don’ts such as prohibited and restricted politically related activities, private benefit and inurement, potential penalties and revocation issues, applicability and calculation of the requisite “public support” test, additional “unrelated business income taxation” issues, and optimal IRS Form 990 information return reporting in connection with these tax-related areas.