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Restructuring a nonprofit corporation
Posted on 1/9/24 at 3:28 pm
Posted on 1/9/24 at 3:28 pm
Hypothetically, I've got this friend that runs a relatively large nonprofit corporation. The business operates 3 distinct divisions, 1 of which is distinctly different in operation and carries significantly higher risk. He has this bright idea to split the one corporation into 2.
His Board of Directors would support this move. Where would he start in getting actual guidance on how to make this happen?
His Board of Directors would support this move. Where would he start in getting actual guidance on how to make this happen?
Posted on 1/9/24 at 3:30 pm to meAnon
The only thing of substance that I learned from reading your post is that you have a friend.
Posted on 1/10/24 at 7:46 pm to meAnon
DOES your friend know you are going to the Money Talk board for advice for HIM? If so he has no business running a non profit and if not you may be losing said friend if he finds out. And if the Board finds out He is going to lose his job.
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