Social Enterprise is the future!
Business is not just about getting clients; it’s about helping your community grow.
Structuring a company that puts mission ahead of, or on par with, making a profit, requires specialized legal guidance.
Successful social enterprises have governance structures that support and align with their social mission. At Wick Law, we know how to keep the focus of your company on your mission by drafting operating agreements that keep company management in line with mission driven goals.
Structuring a company that puts mission ahead of, or on par with, making a profit, requires specialized legal guidance.
Successful social enterprises have governance structures that support and align with their social mission. At Wick Law, we know how to keep the focus of your company on your mission by drafting operating agreements that keep company management in line with mission driven goals.
Wick Law specializes in helping business owners create amazing give back programs that are a win-win.
Wick Law has developed guidelines to ensure a win-win give back program for both the business and the non-profit. Here’s how we can help.
2020 has certainly drawn attention to a prevalent lack opportunity for minority populations and, also, an inequality in our society that’s become so obvious that it can no longer be ignored. Some of these long-standing problems were exacerbated by COVID – 19. But, now business owners have a fantastic opportunity to use their businesses to help in some small (or, large) way.
Wick Law specializes in formation of strategic partnerships and joint ventures.
One of the best ways to use your for-profit business for good is to partner with a non-profit that needs the kind of help you can provide!
Let us help you form a strategic partnership or joint venture with a non-profit you love.
How We Support You
We help you pick your passion!
You know what you care about, but do you have a handle on what non-profits in your community address the things you care about. If you know what non-profits are out there, do you know how they do what they do? Do their goals align with yours? Start by fostering a relationship between your business and the particular non-profit or group. If addressing racism is important to your business, focus on non-profits that champion black lives.
We help you identify what the non-profit needs and determine if your business and skills can fill that need.
This requires spending the time necessary to vet and understand the needs of your chosen nonprofit and to make a determination about additional risks this partnership may bring to your business. Ask yourself, do the values of this organization align with my businesses’ values? What are my business’ goals for my employees? How can I keep my employees safe? What skills can my employees or business bring to the non-profit? How can we help each other? How can we turn this idea into well-defined project that can be accomplished through collaboration?
Make the effort to understand exactly what your non-profit does and who they serve.
Make sure you, as the business owner, have a very clear understanding of the fundamentals of what the non-profit does, how they do it, who they work with, and what need they are addressing. This is called due diligence, and Wick Law can help. Next, to educate and be educated, spend some time explaining the social context to your employees and educate them on the history surrounding the non-profit. Better yet, have a member of the non-profit do the explaining. Make sure you and your employees understand the major challenges faced by the non-profit and those the non-profit seeks to help.
Formalize the relationship by creating and signing a strategic partnership agreement.
Outline objectives, respective roles and responsibilities. The leaders from the non-profit and the business should discuss the overall project and provide input and sign a final strategic partnership agreement. An attorney at Wick Law can help you formalize this arrangement, help you with due diligence, help you protect your assets and limit and understand any liability you may take on as a result of the relationship.
Measure for impact as you go.
How are you tracking the impact, what metrics are you using to measure successes or failures? Use a combination of assessment tools, like surveying participants, surveying your staff and the staff of the nonprofit. Follow the surveys with in-depth discussion between leaders of the business and the non-profit. Or, there are entire businesses devoted to measurement and performance of non-profits who could help you.
