Corporate
Oct. 11, 2021
Merging nonprofit public benefit corporations
This article discusses the “nuts and bolts” for merging two California nonprofit public benefit corporations. Typical reasons for merging nonprofits can include combining resources and expanding their mission, or as an option for a financially challenged nonprofit to continue its mission without dissolving or declaring bankruptcy.
Curtis Abram
Associate
Toews Law Group, Inc.
Email: curtis@toewslaw.com
Curtis' practice areas include business, nonprofit, tax and estate planning.
This article discusses the "nuts and bolts" for merging two California nonprofit public benefit corporations. Typical reasons for merging nonprofits can include combining resources and expanding their mission, or as an option for a financially challenged nonprofit to continue its mission without dissolving or declaring bankruptcy.
When one nonprofit merges with another, the disappearing nonprofit ceases to exist and all of its assets, liabi...
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