Discussion:Dissolving A Non-Profit - Health Care
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| Can you think of any tax ramifications? The legality issues of doing such a transition without the other partners consent? What happens if you dissolve the intitial partnership with recieveables still uncollected? There is just a series of "what ifs" and I am wondering if anyone has run across an issue such as this. Additional, they are home health care businesses, which leads to another question....how do we transfer the employees? What about the medicare and medicade start-up? Are people going to be just willing to transfer to another company, goodwill? Much thanks.}} | Can you think of any tax ramifications? The legality issues of doing such a transition without the other partners consent? What happens if you dissolve the intitial partnership with recieveables still uncollected? There is just a series of "what ifs" and I am wondering if anyone has run across an issue such as this. Additional, they are home health care businesses, which leads to another question....how do we transfer the employees? What about the medicare and medicade start-up? Are people going to be just willing to transfer to another company, goodwill? Much thanks.}} | ||
| - | {{ForumReplyPost|UserID=CrowJD|Date=3 November 2009|Text=Hmmmmm. He's running a non-profit with employees and presumably assets? Can you just transfer such assets to private control? Sounds like your client needs to hire an attorney with some experience in non-profit matters. In fact, he might need a whole law firm to unwind him from his messes.}} | + | {{ForumReplyPost|UserID=CrowJD|Date=3 November 2009|Text=Profile: "Hello, My name is jeff and I am a tax manager in Cleveland, ohio." ''REALLY?'' |
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| + | Hmmmmm. He's running a non-profit with employees and presumably assets? Can you just transfer such assets to private control? Sounds like your client needs to hire an attorney with some experience in non-profit matters. In fact, he might need a whole law firm to unwind him from his messes.}} | ||
Revision as of 17:54, 3 November 2009
Discussion Forum Index --> Advanced Tax Questions --> Dissolving A Non-Profit - Health Care
Discussion Forum Index --> Tax Questions --> Dissolving A Non-Profit - Health Care
| 3 November 2009 | |
| I have a client with four entities. A partnership with 3 partners (1/3 each), a Non-profit- employees, revenues, expneses, etc, and then two additional "shell" companies.
Two of the partners have had no communications with my client for the past three years. His goal is to slowly dissolve the partnership and non-profit, while moving the business into his two shell companies. Can you think of any tax ramifications? The legality issues of doing such a transition without the other partners consent? What happens if you dissolve the intitial partnership with recieveables still uncollected? There is just a series of "what ifs" and I am wondering if anyone has run across an issue such as this. Additional, they are home health care businesses, which leads to another question....how do we transfer the employees? What about the medicare and medicade start-up? Are people going to be just willing to transfer to another company, goodwill? Much thanks. | |
| 3 November 2009 | |
| Profile: "Hello, My name is jeff and I am a tax manager in Cleveland, ohio." REALLY?
Hmmmmm. He's running a non-profit with employees and presumably assets? Can you just transfer such assets to private control? Sounds like your client needs to hire an attorney with some experience in non-profit matters. In fact, he might need a whole law firm to unwind him from his messes. | |
