In addition to helping our clients create new entities, we provide legal support through the other major milestones in a nonprofit's lifecycle, such as mergers and dissolutions. We also advise nonprofits on legal issues in taking over (or being taken over by) another entity, acquiring the assets of another entity, or selling assets to another entity, where the other entity may be a for-profit business or another exempt organization.
Areas of Focus
- Sales of assets and other asset transfers
- Mergers
- Dissolutions
- Other significant transactions
Related Blog Posts (1)
Past Events
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In-Person Conference January 25, 2025
UT Law’s 42nd Annual Nonprofit Organizations Institute - Session: “Nonprofit Transactions: When to Merge, Acquire or Dissolve”
As nonprofits adapt to changing circumstances, opportunities for consolidation or acquisition frequently arise. In some cases, these transactions come from a position of strength, whereas some cases end up with a dissolution and transfer of assets. Discuss various considerations and best practices regarding these types of transactions, including structure, key considerations and common issues.
Presenters:
- Jonathan S. Blum, Holland & Knight LLP
- David A. Levitt, Adler & Colvin
10:50 a.m. – 11:35 a.m. CT
Austin, Texas
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In-Person and Virtual Conference November 18, 2024
PLI Practising Law Institute: Understanding California Nonprofit Organizations - Session: "The California Nonprofit Landscape: Choice of Entity Issues & Essentials of Nonprofit Corporate Governance"
This session will open with an overview of the requirements for forming, registering, and securing tax exemption for charitable nonprofit organizations in California. The faculty will address the unique regulatory framework that applies to organizations engaged in fundraising in California, including relatively recent developments in California laws governing online fundraising platforms. In addition to reviewing certain laws specific to operating a charitable organization in California, the faculty will also discuss how California governs use of charitable assets, distinguishes unrestricted and restricted assets, and regulates management and investment of assets held by charitable institutions. The session includes an overview of the California Nonprofit Integrity Act of 2004 and its impact on the financial management and disclosure obligations of California nonprofit organizations. The faculty will also address how California regulates major milestones in the life cycle of a nonprofit organization, including mergers, dispositions of assets, and dissolutions.
Speakers:
- Carol Bradford Worley, California Community Foundation
- Shirley McLaughlin, Adler & Colvin
9:10 a.m. to 10:10 a.m. PT
San Francisco, California
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Webinar August 10, 2023
CalNonprofits Session: "Ask a Nonprofit Lawyer: You Have Questions, We Have Answers"
11:00 a.m. – 12:00 p.m. PT
Free for CalNonprofits members; $45 for not-yet-members
Join us for something new! We’re bringing together two of the state’s most experienced nonprofit legal minds to address some critical nonprofit legal basics and answer some of your most pressing nonprofit-related legal questions. Eric Gorovitz and David Levitt, both principals at nationally recognized Adler & Colvin, will discuss such issues as compliance, privacy and data security, fundraising regulations, lobbying, and employment law as it applies to nonprofits.
You can also help guide our discussion by submitting your own questions for Eric and David. What legal quandaries are keeping you up at night? Is it about your board? Are you 501(c)4 curious? Let CalNonprofits know via the registration form, and we’ll do our best to respond to as many questions as possible. CEO Jan Masaoka will be on hand to help us sort through our sector’s most pressing concerns.
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In-Person Conference February 10, 2023
American Bar Association's 2023 Midyear Tax Meeting - Exempt Organizations PM Session: "International Transactions: To Withhold or Not to Withhold, That is the Question. "
Withholding can be a trap for unwary U.S. funders of foreign charitable activities. Even funders who are cognizant of the basic requirements of Section 1441 may struggle to understand when those rules apply to their support of foreign activities, which exceptions may be available in their specific circumstances, and what reporting obligations may attach. This panel will review the current state of federal withholding rules relevant to U.S. philanthropy and explore techniques and common practices that U.S. funders use to manage these obligations.
1:30 p.m. – 2:45 p.m. PT
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