Nonprofit Joint Ventures – Partnering with For-Profit Organizations is brought to you by Lorman
Identify and understand the underlying tax principles involved with joint ventures and for-profit subsidiaries.
Tax-exempt organizations participate in business partnerships and other newer forms of joint ventures. The nature of the venture, the relationship between the nonprofit and the for-profit party and degree of control over the joint venture requires an understanding of federal income tax issues. This material will include identifying potential loss of exempt status, unrelated business income tax, partnership tax reporting and other tax reporting requirements. It will also include the use of for-profit subsidiaries and planning considerations for maintaining their separate corporate identity. This material will help you identify and understand the underlying tax principles involved with joint ventures and for-profit subsidiaries. In addition, we will examine guidance for the consideration and adoption of a joint venture policy which is responsive to the questions in Part VI of Form 990.