Some real property is substantially riskier than other property for an organization to hold and manage, perhaps because of environmental contamination (or suspicion of the same), perhaps because of more intense public use, perhaps for some other reason. Depending on just how great the perceived risk, the organization may want to consider isolating its exposure to that risk by establishing a separate organization—wholly controlled by the founding organization—to hold the riskier property. WeConservePA guide. 3 pages.
https://conservationtools.org/guides/201-separate-entity-...
Year: 2023
Author(s): Andrew M. Loza
Organization/Source: WeConservePA (formerly Pennsylvania Land Trust Association)
Topic tags: Acquisition of Land & Easements, Reducing Liability, and Print Editions of WeConservePA Guides
Related guides: Reducing Liability Associated with Public Access and Separate Entity to Hold Riskier Properties