"wl" == william elan net
"Re: Incorporate?"
Wed, 7 Sep 2005 21:36:06 -0700 (PDT)
wl> Formal non-profit organization is final step when everything
wl> else is finished. And I agree with Jonathan Gardner that it is
wl> the only appropriate way to solicit money for the project
Business donors normally expense donations and therefore gain no
benefit from the non-profit tax status of the recipient of their
donation.
Most substantial donors tend to make their donations without regard
the tax status of the recipient.
Be sure the restrictions and requirements of non-profit tax status are
well understood at the outset. Depending upon the focus of attempts
to raise money from private individual donors the value of non-profit
tax status may not be worthwhile. This is probably not a mountain to
be climbed just "because it is there".
jam
-------
Sender Policy Framework: http://spf.pobox.com/
Archives at http://archives.listbox.com/spf-discuss/current/
To unsubscribe, change your address, or temporarily deactivate your
subscription,
please go to
http://v2.listbox.com/member/?listname=spf-discuss(_at_)v2(_dot_)listbox(_dot_)com
pgpGtvKpmCwvN.pgp
Description: PGP signature