Document Type
Article
Publication Date
3-2012
Journal Title
The Texas Tax Lawyer
Abstract
This article discusses choice of entity issues related to the formation, operation and governance of nonprofit organizations, highlighting the distinctions between charitable organizations formed as charitable trusts and charitable organizations formed as nonprofit corporations. In determining the legal structure for a new nonprofit entity, considerations that need to be taken into account include: (1) ease/speed of formation; (2) limitation of liability for members and directors; (3) financial resources; (4) type and scale of activities to be conducted; (5) governance requirements; (6) capacity to own property and contract; (6) capacity to sue and be sued; (7) liabilities to third parties; (8) permanence of the organization; and (9) ease of dissolution.
First Page
17 [1]
Last Page
27 [11]
Num Pages
11
Volume Number
39
Issue Number
3
Publisher
State Bar of Texas
Recommended Citation
Terri L. Helge,
Choice of Entity Considerations for Charitable Organizations,
39
Tex. Tax Law
17 [1]
(2012).
Available at:
https://scholarship.law.tamu.edu/facscholar/629