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Contribution to Book
Nonprofit and Charitable Uses of LLCs
Research Handbook on Partnerships, LLCs and Alternative Forms of Business Organizations
  • Cassady V. Brewer, Georgia State University College of Law
Document Type
Contribution to Book
Publication Date
1-1-2015
Abstract

The overwhelming first choice in new, for-profit business entity formations is the limited liability company (“LLC”). Less well known, however, is the increasing use of LLCs for nonprofit and charitable endeavors. Accordingly, this chapter explores in four parts the emerging use of LLCs for nonprofit and charitable purposes, including the use of LLCs in hybrid for-profit/nonprofit arrangements. Part 2 provides necessary background information on the nonprofit and charitable sector. Part 3 surveys the relatively common use of LLCs as nonprofit subsidiaries or affiliates. Part 4 examines how LLCs are used to facilitate certain charitable or quasi-charitable activities, including program-related investments and social enterprise. Part 5 concludes with some very recent, innovative uses of LLCs by donors to charities.

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External Links
SSRN

DOI
10.4337/9781783474400.00025
ISBN
9781783474394
Citation Information
Cassady W. Brewer, Nonprofit and Charitable Uses of LLCs, in Research Handbook on Partnerships, LLCs and Alternative Forms of Business Organizations 227 (2015).