Alternative Entity Types: Cooperative Corporations and Beyond

WHAT WE’LL COVER

In the traditional business structure, there exist entities that operate for-profit (corporations, LLCs, etc.) and pay taxes, and there are entities that operate not-for-profit and are typically tax exempt. For-profit entities are capitalistic ventures for whom the financial bottom line trumps everything, including whatever negative social and environmental impacts the company may cause. They can attract investors and grow to meet market opportunities. Non-profits typically exist to promote social or environmental welfare and are usually very difficult to scale because they can accept donations but not investments. To bridge these best of these two worlds, a new for-profit entity called a “Benefit Corporation” has been created to facilitate social enterprise and impact investing by providing a legal structure for businesses to do well while doing good.

This webinar will describe the limitations of traditional business and non-profit structures, together with the attributes of Benefit Corporations and lesser known alternative business models, presented by an attorney who co-chaired the effort to write and pass California’s Benefit Corporation law.

Practitioners will learn:

• What are the structural and legal limitations of for-profit and non-profit entities?
• What is a Benefit Corporation?
• What problems does the Benefit Corporation solve and how is one created?
• What are some of the other "alternative" business structures.
• How these alternative business models treated for tax and other legal purposes?

Program Knowledge Level: Intermediate
Delivery Method: Group Internet-Based
Recommended CPE Credit: 1.0 credit
Field of Study: Taxation
Prerequisites: JD
Advance Preparation: None
Review Date: 6/12/2018

1.0 CLE (California Board of Legal Specialization - Estate Planning)
1.0 CFP credit (National CFP Board)

For information on refunds, concerns, and program cancellation policies, please contact our offices at 888-659-4069, ext 823.

WealthCounsel LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

This webinar is included for Business Law and provided complimentary for Trusts & Estates Subscribers
Regular Price: $139 | Trusts & Estates Price: $0 (Recording not included) | Gun Law Price: $139 | Business Law Price: $0 | Practice Development $139