A large non-profit organization dedicated to improving the level of medical care in under-developed areas outside the United States came to Thaler Liebeler LLP for advice. A principal in the organization had an innovative idea to provide consulting services to physicians in a related area. Would these consulting services jeopardize the organization’s non-profit status? Thaler Liebeler LLP worked with the principal and the organization to establish a new, for profit, entity easily accessible to users of the non-profit. Thaler Liebeler was able to create the separate and distinct entity without imperiling the non-profit status of the original organization. The consulting services added a valuable component to the overall mission of putting interested physicians into developing areas on a much needed basis.
There are a variety of forms under which a new business entity or a subsidiary of an existing entity may be formed. From wholly owned subsidiary, to separate and distinct LLC, S-Corp, or C-Corp.
Careful preparation of operating agreements, articles of incorporation and partnership agreements for a new entity will insure smooth operations, proper ownership and tax status, and intended relationship to other entities.
If your actions inspire others to dream more, learn more, do more and become more, you are a leader.
JOHN QUINCY ADAMS