Business & Corporate
Our Mini-Theme: Nonprofit Organizations: Changes in Challenging Times
Nonprofit organizations come in a stunning variety of purpose and form. We are delighted to present in this issue a fascinating glimpse into the array of issues faced by those who advise nonprofits. Most lawyers are familiar with traditional charities focused on service to the needy, education, religion, and health care; there are also many other organizations created (entirely legitimately) to further political or business purposes. Nonprofits can be organized as unincorporated associations, trusts, corporations, or LLCs. Some are tiny volunteer-led organizations and others are among the largest employers in the country. While they may have members, or a single member, or no members at all, with control entirely in the hands of a board, what all these nonprofit entities have in common is that there are no “owners” as there would be in a business entity. The individuals in control can have neither ownership in nor private benefit from the entity; the benefit they receive must remain entirely subservient to the purposes of the organization.