Subject:
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Re: Organizational business for ldraw.org as pertains to future activities
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Newsgroups:
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lugnet.cad.dev.org.ldraw
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Date:
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Wed, 14 Jun 2000 05:15:49 GMT
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Viewed:
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922 times
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In lugnet.cad.dev.org.ldraw, Tim Courtney writes:
> > So the things to consider would be: can ldraw be considered as educational?
>
> In a sense, I would say it is.
All right, that's a start.
> > Does it even *have* an exempt purpose?
>
> Debatable. It would be wise to talk to a financial person about these
> issues. Someone in Lugnet, or I have a friend who used to do financial stuff
> who said there's someone I can be referred to. I can try to get some pro bono
> advice if at all possible and necessary.
Yes, professional advice would certainly be a good idea.
> Here's how I see the whole tax status thingie. We can either:
>
> File for a corporation and tax exempt status.
>
> Not file for tax exempt status.
<description snipped>
IMHO, filing for tax exemption would be a good idea, even if it means putting
the CDs on hold for a while (not to mention it means there would be more time
to make them better). Saving the money now would certainly be a Good Thing,
especially since the org is just starting out financially and will need the
cash for future events.
-Shiri
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