Legal Question in Business Law in Illinois

Non profit status

Can a non profit organization place themselves under the overall management of a parent company that is a for profit entity and still remain a non profit?


Asked on 4/10/07, 4:38 pm

2 Answers from Attorneys
Noelle Ansley Noelle Ansley

Re: Non profit status

A not-for-profit may be a subsidiary of a for-profit company, but pulling this management deal off effectively is tricky. Consult an attorney about the particulars of this situation so that the subsidiary does not jeopardize its 501(c)(3) status.

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Answered on 4/10/07, 4:52 pm
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Re: Non profit status

Yes, as long as they dopt their I's and cross their t's.

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Answered on 4/10/07, 11:12 pm


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