1 legal question has been posted about nonprofit and charitable organizations by real users in New York. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. All topics and other states can be accessed in the dropdowns below.
You can't find a lawyer to convert a NPC to an LLC directly because it can't be done. By law, the managers of the NPC do not own its assets. To accomplish your objective, you need to prepare and adopt a Plan of Dissolution and Distribution of Assets, which has to be approved by the AG.
To do that, you'll likely need counsel to assess your charter and assets. If you're holding assets in trust, you they have to be distributed accordingly....
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You can't find a lawyer to convert a NPC to an LLC directly because it can't be done. By law, the managers of the NPC do not own its assets. To...
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