Navigating Nonprofit Mergers: Legal Essentials to Guide Smart Business Decisions
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Most nonprofits are intrigued by the possibilities of a merger -- with another nonprofit or a for-profit -- but often view a merger as a desperate final effort to save the mission of an organization. It is also considered legally complicated and costly. But savvy organizations and their managers know that mergers can also be a key component of a business strategy that can add value and grow an organization.