Research Handbook on Partnerships, LLCs and Alternative Forms of Business Organizations
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Research Handbook on Partnerships, LLCs and Alternative Forms of Business Organizations

Edited by Robert W. Hillman and Mark J. Loewenstein

Presenting alternatives to the corporate form of organization, the Handbook explores partnerships, LLCs, business trusts and other alternatives. Specially commissioned chapters by leading scholars in the field examine issues such as: fiduciary duties, agency principles, contractual freedom, tax treatment, the special circumstances of law firms, and dissolution. While much of the emphasis is on US law, a number of chapters include treatments of Japan, the UK, Russia, China, Taiwan, India and Brazil.
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Chapter 14: Nonprofit and charitable uses of LLCs

Cassady V. “Cass” Brewer


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 sections the emerging use of LLCs for nonprofit and charitable purposes, including the use of LLCs in hybrid for-profit/nonprofit arrangements. Section 2 provides necessary background information on the nonprofit and charitable sector. Section 3 surveys the relatively common use of LLCs as nonprofit subsidiaries or affiliates. Section 4 examines how LLCs are used to facilitate certain charitable or quasi-charitable activities, including program-related investments and social enterprise. Section 5 concludes with some very recent, innovative uses of LLCs by donors to charities.

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