Partnership between 2 Community Theatres
Printed From: Community Theater Green Room
Category: Theater Administration
Forum Name: Running Your Theater
Forum Discription: General questions about how to make it work
URL: http://www.communitytheater.org/forum/forum_posts.asp?TID=4417
Printed Date: 11/22/24 at 6:15am
Software Version: Web Wiz Forums 8.05 - http://www.webwizforums.com
Topic: Partnership between 2 Community Theatres
Posted By: MesaEncore
Subject: Partnership between 2 Community Theatres
Date Posted: 1/12/10 at 12:44am
How do two theatre companies organize under one Board of Directors? We have an opportunity to collaborate with another small struggling community theatre, and there would be mutual benefit to do so. Are there any guidelines on how to organize and/or set up the administration of such a partnership?
Any help or suggestions VERY welcome!
Thanks,
Dott McDaniel
Mesa Encore Theatre
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Replies:
Posted By: lparks
Date Posted: 4/05/10 at 9:50pm
We are collaborating with another CT on some productions this fall. Most of the time, both boards can operate as a separate entity. The only time you need to marge a board is if one corporation is merging into another. If you are wanting to merge, all that needs to happen (assuming neither has 501 status):
1. Have a Board meeting to vote on the merger (both boards must vote in favor)
2. At that point, both companies are "one", and everyone is on the Board of Directors who were on with both companies, unless your merger agreement says otherwise.
If 501(c)3 status is involved, it makes it a little more difficult. If only one theater has 501 status, then make sure it spells in your merger agreement that all assets and 'ownership' of the company are being transfer to the company that has the 501(c)3 status. Because if you merge into another company, you will not normally be able to keep your current 501 status.
Hope that helps!
* This is not legal advice, only my opinion.
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Landon Parks,
Producing Artistic Director,
Bloomington Repertory Theatre Co
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