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LLCs and Nonprofit Organizations -- For-Profits, Non-Profits, and Hybrids

Robert R. Keatinge

Suffolk University Law School; Holland & Hart LLP

Suffolk University Law Review, 2009
Suffolk University Law School Research Paper No. 09-13

This article deals with the LLC in the context of nonprofit organizations, both as a legal entity in which a nonprofit organization may be a member and as an organization that may, itself, be organized as a nonprofit organization, or a hybrid organization - one that may be organized for a purpose that is neither exclusively for-profit nor exclusively non-profit. Most legal organizations are created pursuant to a state law, referred to in this article as an "organic statute." Unlike partnerships and business corporations under the Model Business Corporation Act, LLCs (and - more recently - limited partnerships) do not need to be organized for profit.

Number of Pages in PDF File: 34

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Date posted: March 6, 2009  

Suggested Citation

Keatinge, Robert R., LLCs and Nonprofit Organizations -- For-Profits, Non-Profits, and Hybrids. Suffolk University Law Review, 2009; Suffolk University Law School Research Paper No. 09-13. Available at SSRN: http://ssrn.com/abstract=1352767

Contact Information

Robert R. Keatinge (Contact Author)
Suffolk University Law School ( email )
120 Tremont Street
Boston, MA 02108-4977
United States
Holland & Hart LLP ( email )
United States
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