 |
 |
501(c)(3) is just if you want nonprofit status for tax exempt status. Really, with so many of us in maker spaces, I'm sure plenty of people here have been through the 501(c)(3) paperwork recently. The other reason you want a corporation is that then the corporation gets liability, and not an individual member of the organization. Both options involve doing something and then having to keep doing things, and that's a hassle. The least hassle way to do this is to, like Roy said, get an existing organization to handle the money. An organization that is already handling money is already set up to handle money. -Wilhelmina Randtke On Fri, Apr 11, 2014 at 9:38 AM, Lisa Rabey <[log in to unmask]> wrote: > On Fri, Apr 11, 2014 at 8:30 AM, Francis Kayiwa <[log in to unmask]> wrote: >> >> +1 >> >> Go for it Lisa! >> >> ./fxk > > > I can start digging into the hows/whys sometime in early May and > report back. If anyone has anything of interest (past C4L list convos, > recommendations, etc), pass them along! > > > -- > > Lisa M. Rabey | @pnkrcklibrarian > ------------------------------------------------------------------------------------ > http://exitpursuedbyabear.net | http://lisa.rabey.net