Event Date: 03.16.2021
Part of Mass Cultural Council’s Recover, Rebuild, Renew Series
The workshop will be a survey of common methods of closing a nonprofit organization: suspension of operations, bankruptcy, and dissolution. Topics include an overview of the processes each of these methods entail, as well as a discussion of the issues raised by a closing nonprofit’s obligations to staff (compensation and benefits), local and federal governments (taxes and regulatory compliance), and vendors, contractors, partners, and collaborators (outstanding programmatic commitments). We will also explain how human resources decisions play a role in each method.
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 business attorneys.
Outcomes: At the end of this session, participants will be able to understand the overall processes for suspension, bankruptcy, and dissolution, create a checklist of key business closure considerations and questions for attendees to share with their leadership and business consultants, understand liability considerations from the board of directors’ perspective, and learn how to apply for individualized legal assistance from the Volunteer Lawyers for the Arts.
Consulting Firm: Arts and Business Council of Greater Boston, Boston, MA
Content Expert: James Grace, Esq., Executive Director, Arts & Business Council of Greater Boston, Inc.
Jim Grace is the Executive Director of the A&BC. He was the Executive Director of the Volunteer Lawyers for the Arts of Mass. from 1998 until 2008, when it merged with the A&BC. Jim has extensive experience working with artists and arts organizations in the areas of public art and social practice art projects, copyright, nonprofit incorporation and mergers, nonprofit boards and real estate development of creative spaces. Jim was an adjunct professor for BU’s Masters in Arts Admin Program for five years where he co-taught a course on legal issues in arts administration. Currently, Jim teaches workshops locally and nationally on a variety of legal and artist professional development topics. He serves on the boards of the Brookline Community Foundation and the AIR Institute (in DC) as well as the Advisory Board of Brain Arts Org and is a founding board member of the Arts Services Coalition and the Fort Point Cultural Coalition (the developer of Midway Studios, 89 units of artist live/work space in downtown Boston). He previously served on the board of Philanthropy Massachusetts and the Private Sector Council of Americans for the Arts. Jim is also a working author, book editor, and published attorney. He is the co-author of the bestseller, The Worst Case Scenario Handbook: Golf. To date, Jim has been involved in the publication of over eight books.
Auto-generated captions will be provided. If you have additional questions or to request additional accommodations to ensure your participation, please contact Michael Ibrahim.