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Caplin & Drysdale Hosts National ACC Webcast on the Impact Economy

October 9, 2013, Caplin & Drysdale


CONTACT: William M. Klimon – 202.862.5022 /
                    Sharon W. Nokes – 202.862.7839 /

William Klimon and Sharon Nokes of the Firm's Exempt Organizations Group to
Lead Panel on Social Impact Legal Structures

Washington, D.C.—October 9, 2013:  Caplin & Drysdale is pleased to announce that William M. Klimon and Sharon W. Nokes will take part in a special four-part educational series on the opportunities and questions posed by the rapidly emerging "Impact Economy."  The live, national webcasts are being offered in collaboration with the Association of Corporate Counsel (ACC) and the Washington Metropolitan Area Corporate Counsel Association's (WMACCA) Nonprofit and Associations Forum. 

Joining Mr. Klimon and Ms. Nokes on the panel will be Mia Hsu Burton, General Counsel of the Michael & Susan Dell Foundation; Jonathan Ng, Global Legal Director at Ashoka; and Beth Richardson, Director of Product Development at B Lab.

On October 16, 2013, Mr. Klimon and Ms. Nokes will present "Impact: Legal Structures" which will explore the variety of new social enterprise vehicles available to social entrepreneurs—including benefit corps, LC3s, flexible purpose corporations, as well as the privately administered B Corp certification—and discuss their associated governance, tax, and practical implications.  Please click here for a link with more information on this special series of programs and please visit this link to register.

Currently the laws of 20 states—including Delaware, New York, California, and the District of Columbia—provide for the creation of new business entities that relax the once-strict separation between the for-profit and nonprofit sectors.  These "flexible" or "hybrid" entity types are a legislative response to the legal demands and pressures of the Impact Economy.  This four-part series, entitled "The Opportunities and Disruptive Potential of the Impact Economy," is a customized beginner's guide to help practitioners—including experienced lawyers, financial officers, and development professionals—understand and navigate the Impact Economy in order to remain effective and serve the evolving needs of their clients. 

Mr. Klimon is a Member in the firm's Exempt Organizations Group where his practice focuses on corporate governance and transactions, particularly for nonprofit organizations. Ms. Nokes is Of Counsel to the Group and counsels complex nonprofits on a variety of tax, corporate, and compliance issues.  The Group has over 40 years of experience serving some of the nation's most prominent private foundations, public charities, and other nonprofit organizations. Our team―one of the largest dedicated exempt organizations practices in the United States―includes leading attorneys in the field, many of whom have served at the Internal Revenue Service and Departments of Treasury and Justice. We offer creative, pragmatic, and accessible legal advice that is tailored to each organization's unique mission and business objectives and informed by a deep understanding of tax administration.


About Caplin & Drysdale
Since 1964, Caplin & Drysdale has been a leading provider of tax, tax controversy, and related legal services to corporations throughout the United States and around the world. With offices in Washington, D.C., and New York City, the firm also provides counseling on matters relating to bankruptcy, creditors' rights, political activity, exempt organizations, complex litigation, employee benefits, private client services, corporate law, and white collar defense.  For more information, please visit us at


This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.

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