Topic > Business Entity Disadvantages - 887

(Dictionary, n.d.) My experience with an LLC was through partnering with a nonprofit program for homeless veterans. We originally had the developer own the LLC and all he wanted was to create low cost housing units to house homeless military veterans and the non-profit only wanted to provide support and ancillary services. Both entities have worked well together for 10-15 years, when the government says it is a "far from smooth relationship". The implications were that the LLC would benefit greatly from the contracts and grants obtained for the nonprofit because they were not put out to tender. It was a scrupulous audit that led to the dissolution of the partnership. They said that while they didn't see anything too out of reach, the repercussions weren't as devastating as we all feared. One of the benefits of this partnership was knowing that if the outreach team returned with 5 homeless veterans, the service provider and housing provider would never send a veteran back into the country.