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UHAA Reorganization

UHAA Reorganization. Trever Asam Cades Schutte LLLP. Current Organization. Chapter system: chapters should be separately organized and incorporated Some have obtained 501(c)(3) tax exemption Shidler , Architecture Others have not obtained tax exemption Some have not incorporated.

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UHAA Reorganization

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  1. UHAA Reorganization Trever Asam Cades Schutte LLLP

  2. Current Organization • Chapter system: chapters should be separately organized and incorporated • Some have obtained 501(c)(3) tax exemption • Shidler, Architecture • Others have not obtained tax exemption • Some have not incorporated

  3. Current Organization UHAA 501(c)(3) Nursing CAS ESL Shidler 501(c)(3) Engineering WSRSL

  4. Filings and Accounting • Each entity must annually file: • State DCCA • State Charity Registration • IRS Form 990 • Each entity keeps its own accounts UHAA 501(c)(3) Nursing CAS ESL Shidler 501(c)(3) Engineering WSRSL

  5. Current Organization: Challenges • Differences between chapters • Unincorporated chapters • Accounting • Liability • Insurance • Control and management • New chapters UHAA 501(c)(3) Nursing CAS ESL Shidler 501(c)(3) Engineering WSRSL

  6. Possible Solution: LLC Structure UHAA 501(c)(3) Nursing CAS ESL Shidler 501(c)(3) Engineering WSRSL

  7. Possible Solution: LLC Structure UHAA 501(c)(3) CAS LLC ESL LLC Nursing LLC Shidler 501(c)(3) Engineering WSRSL

  8. Possible Solution: LLC Structure • Single-member LLCs • UHAA would be “parent” to the LLCs • UHAA tax exemption would apply to LLCs • Optional: some chapters remain independent UHAA 501(c)(3) CAS LLC ESL LLC Nursing LLC Shidler 501(c)(3) Engineering WSRSL

  9. LLC Structure Advantages • Eliminates tax filing requirements for LLCs • Clear management and financial structure • UHAA would handle all accounting and filing for LLCs • Isolation of liabilities • Ease of replication UHAA 501(c)(3) CAS LLC ESL LLC Nursing LLC Shidler 501(c)(3) Engineering WSRSL

  10. LLC Structure Implementation • Begin with new entities • Next are non tax-exempt entities UHAA 501(c)(3) CAS LLC ESL LLC Nursing LLC Shidler 501(c)(3) Engineering WSRSL

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