CHAPTER TWENTY-TWO
Partnerships and Joint Ventures
§ 22.11 ANCILLARY SERVICES JOINT VENTURES
(c) IRS Revenue Ruling
p. 494, n. 164. Delete text following fourth period and insert:
974. See Appendix S.
§ 22.12 SINGLE-MEMBER LIMITED LIABILITY COMPANIES
p. 498. Insert as penultimate item:
- An exempt hospital participated in a joint venture, using an SMLLC. The IRS ruled that this involvement in the venture was in furtherance of the hospital's healthcare purposes, because the partnership and operating agreements provided that charitable purposes override any other purposes.177.1
177.1. Priv. Ltr. Rul. 200436022.
Get The Law of Tax-Exempt Healthcare Organizations, 3rd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
