Section 501(c)(3) Tax-Exempt Entities Forming Affiliations ...

Section 501(c)(3) Tax-Exempt Entities Forming Affiliations With Other Entities : Benefits, Risks, and Structural Considerations Carolyne R. Dilgard, Esq., Jonathan F. Korman, Esq., and Frederick J. Gerhart, Esq. June 2011 This publication is available online at [This page is intentionally left blank.] - i - TABLE OF CONTENTS I. Introduction .. 1 II. Background on Affiliations with Tax-Exempt Entities .. 2 A. Benefits of affiliation .. 2 1. Preserving Tax-Exempt Status .. 2 2. Management of Unrelated Business Income Tax .. 3 3. Insulation from Liability and Regulation .. 4 4. Satisfying Regulatory Requirements .. 4 B. Risks of affiliation .. 5 III. Form and Structure of Affiliations .. 5 A. Creating a Directly Controlled Entity .. 6 B. Affiliating with a Preexisting Entity .. 7 C. Affiliating with a Preexisting Entity through a Subsidiary A Hybrid 10 IV.

V. Liability Exposure and Piercing the Corporate Veil..... 17 VI. Single Employer Determination under ... able to “pierce the corporate veil” of the parent entity. In Section VI, we summarize the different approaches of the National Labor Relations Board (“NLRB”) and the courts under the federal employment law concept of a “single ...

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  Corporate, Live, Forming, Exempt, Piercing, Affiliation, Entities, The corporate veil, Piercing the corporate veil, Tax exempt entities forming affiliations

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