Organizational structure for for-profit educational ventures
For a large private university, we devised an organizational structure for participating in for-profit educational ventures. The structure involved the potential creation of a single-member LLC, wholly owned by the university, for participation in ventures that would be unrelated trade or business activities or that could jeopardize the university's exempt status.
Our attorneys serve as counsel to the Board of Trustees. In that capacity, we provide advice regarding the transition of the university's presidency from Stephen Joel Trachtenberg to Steven Knapp. The firm also served as counsel to the Search Committee which overviewed the successful search for President Knapp and a smooth transition from President Trachtenberg's leadership of unprecedented growth at the university.