The National Law Journal: Nonprofit Mergers Gaining Velocity
8/25/2008
Competition for scarce dollars, dwindling volunteers and a tough economy have conspired to push more nonprofit groups and industry trade organizations to consolidate, creating a heady array of legal challenges for their lawyers.
Attorneys may require the skills of a psychiatrist to confront culture clashes between groups that otherwise share similar goals, ticklish tax questions and the need for rigorous due diligence investigations to protect governing boards in a post-Sarbanes-Oxley Act (SOX) world. Even the vagaries of antitrust concerns need added vetting. Read more ...
