LLCs in the World of Nonprofit and Mission-Minded Organizations

LLCs in the World of Nonprofit and Mission-Minded Organizations26th Annual LLCs, LPs and Partnerships Conference and Primer, Austin, Texas, 07/13/2017

The opportunity to use the LLC form for nonprofit and mission-minded purposes is rarely considered by practitioners not working in the tax-exempt organization space, but this popular entity choice proves to be advantageous when utilized in this capacity as well and has become more discussed following the creation of the Chan Zuckerberg Initiative.  This paper and presentation look at various ways the LLC may be used in the nonprofit and mission-minded area, including use of the single member LLC for liability protection and ancillary joint venture participation, use of the LLC for social enterprise businesses, and use of the LLC by entrepreneurs engaged in philanthropy.

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