•(CNCA cont’d)
–Corporations need to monitor funding sources and carefully track soliciting status
–If a
corporation is concerned about oscillating in and out
of soliciting status, can voluntarily be structured as a
soliciting corporation
§Ensure at least 3 directors and at least 2
are not officers or employees of the
corporation or its affiliates
§Ensure the articles provide that property
will be paid to qualified donees on
dissolution
§Do not enter into unanimous member agreement
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