Our health care attorneys advise non-profit entities in connection with the formation and operation of separate business enterprises for the exploitation of unique technology or product lines. The formation issues for a not-for-profit organization establishing a start-up company would include advising the board of directors with respect to unrelated business income tax issues, private inurement issues, and conflict of interest issues and addressing general issues applicable to all business entities, including corporate governance, contracts, financing, raising capital and the like.
Our attorneys are familiar with partnership tax issues that abound in the startup arena, since most companies start out as limited liability companies, which are taxed as partnerships. We have counseled clients on ways to avoid taxing partners on the acquisition of LLC interests in exchange for services.
Our health care attorneys advise non-profit entities in connection with the formation and operation of separate business enterprises for the exploitation of unique technology or product lines. The formation issues for a not-for-profit organization establishing a start-up company would include advising the board of directors with respect to unrelated business income tax issues, private inurement issues, and conflict of interest issues and addressing general issues applicable to all business entities, including corporate governance, contracts, financing, raising capital and the like.
Our attorneys are familiar with partnership tax issues that abound in the startup arena, since most companies start out as limited liability companies, which are taxed as partnerships. We have counseled clients on ways to avoid taxing partners on the acquisition of LLC interests in exchange for services.
Our attorneys also have experience with forming so-called “captive” Professional Corporations - professional corporations that are under the control of a 501(c)(3) organization. The captive P.C. is formed in such a way that it may carry on professional activities that the 501(c)(3) organization cannot, yet it is structured so that the 501(c)(3) organization may control the captive P.C. without jeopardizing its tax-exempt status with the IRS.
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