Business Law

Business Law Forum 2024: Nonprofit and For-Profit Entanglement - OpenAI and More

Description:

This session describes the nonprofit and for-profit legal entities comprising the business of OpenAI (the developer of ChatGPT), explains how that business structure was arrived at, and offers more generalized information about for-profit subs of nonprofits/charities, including:

- Motivations for establishing this type of relationship;

- Situations in which this type of relationship could be advantageous;

- Characteristics of the relationship, with a focus on what the entities can and cannot do under the IRS regulations governing nonprofits qualifying for the federal income tax exemption under 501(c)(3); and

- Responsibilities of the management of each entity and how they can conflict.

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Professor Amarante is amusing and informative. I'd love to hear an update on Elon Musk's breach of contract suit against OpenAI.

I didn't know about the use of a sub. Very interesting.

Great insights!!!

Generally speaking a very good presentation. I do think that this topic deserves a deeper dive with a longer CLE focused on non-profit structures and use of pass through and for-profit subs.

These courses are always useful for those of us who don't practice corporate law, and I appreciated the AI spin.

Speakers/Producers

This course is no longer available for purchase.

Course InformationHighlights
  • Viewable From Your Laptop or Mobile Device
Course Credits Dual Credits: 0.00
General Credits: 1.00
Total Credits: 1

This program will be filed for Tennessee CLE credit. Please email a request to cle@tnbar.org for Georgia and Mississippi CLE credit.