This article posted on our partner site Mondaq.com outlines “pros” and “cons” to determine what type of strategic option is best to combine the activities of tax-exempt organizations in the context of various agreements such as affiliation agreements, joint operating agreements, joint venture agreements, mergers, asset purchase, change in membership to parent/subsidiary structure, and new holding company. Lastly, it provides tips on addressing legal issues, control issues regarding closing of transactions and the consequences of private enurement.