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In lugnet.trains, Eric Kingsley writes:
> As I said we had to have a tax ID number in order to do business with one
> client that was ready to pay us a pretty decent amount of money. We looked
> into the 3 options you suggested (partnership, non-profit group, or
> Incorporation).
Did you look into forming an LLC or an LLP? In a regular partnership I'd be
worried that someone would slip on a brick or something at a NELUG event and
try to sue the pants off of the partners.
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Message has 1 Reply:
 | | Re: Definitions: LUG or LTC
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| (...) Yeah sorry I guess I wasn't spacific enough. We are a Limited Partnership which limits our liability to the value of NELUG's assets, which while substantial from the groups perspective they are minimal in terms of real value. <humor> Of course (...) (22 years ago, 7-Sep-02, to lugnet.trains, lugnet.org.us.nelug)
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Message is in Reply To:
| | Re: Definitions: LUG or LTC
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| (...) Well I will give it a try, it was about 2 years ago that we set it up so some details may be a little off. I will also say that I have some very good family resources in that my Mother is a Lawyer and my father is an Accountant and they gave (...) (22 years ago, 6-Sep-02, to lugnet.trains, lugnet.org.us.nelug)
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