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New York Nonprofit And Charitable Organizations Legal Questions

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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.
New York Nonprofit And Charitable Organizations Questions & Legal Answers
Do you have any New York Nonprofit And Charitable Organizations questions and need some legal advice or guidance? Ask a Lawyer to get an answer or read through our 1 previously answered New York Nonprofit And Charitable Organizations questions.
Nonprofit and Charitable Organizations
New York

Recent Legal Answers

We need to change our not for profit corp. to an LLC

Answered 3 years and 6 months ago by attorney Matt Bryant   |   1 Answer
Matt Bryant
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.... Read Answer
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... Read Answer

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