1530.032 Joint Venture Policy

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Policy

There are several legal structures that may be used to establish a joint venture, such as a partnership, limited liability company (LLC), or other arrangement. These arrangements may be formed with a taxable or exempt entity; however, it is important to analyze on a case-by-case basis if the venture furthers the Foundation’s exempt purpose or not and if it is a substantial or insubstantial part of the Foundation’s exempt activities. These factors, as well as the degree of control maintained by the Foundation over the venture, should be scrutinized by the organization so as to avoid jeopardizing its exempt status through participation in the joint venture.

Published on 2012-02-28

Administrative Oversight & Contact Information

Related Subjects

• Contracts
• Foundation
• Taxation

Departments

• FIU Foundation, Inc.