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Nonprofit Mergers & Absorptions
March 23 @ 2:00 pm - 3:30 pm
A free webinar as part of Mass Cultural Council’s Recover, Rebuild, Renew Series.
This workshop will focus on the challenges associated with nonprofit mergers and, more commonly, acquisitions. Mergers and acquisitions each raise unique business and financial questions: What are the various types of mergers, and the relevant vocabulary? What is the process of a merger: Due diligence, Written agreement(“MOU”), Board votes. Bylaws, Secretary of State filings. In an acquisition, what will become of the acquired organization’s staff, and in what form will the programs and operations of the acquired organization continue? In a merger, who will govern the new organization? What are the boards’ roles? (Before and after).
Format: The format of this workshop will be a 1.5-hour virtual webinar, with time built-in for questions and answers. This webinar will be presented by nonprofit and corporate M&A attorneys.
Outcomes: At the end of this session, participants will be able to understand a high-level overview of a nonprofit corporate merger and a high-level overview of a nonprofit corporate acquisition, including key vocabulary pertaining to both processes. Participants will also learn key business questions to help evaluate the viability of a corporate merger or acquisition, and how to apply for individualized legal assistance from the Volunteer Lawyers for the Arts.
Content Expert: James Grace, Esq., Executive Director, Arts & Business Council of Greater Boston, Inc.