IANAL, but couldn't you change the corporation to a Non-profit entity? That way you can accept donations much easier and companies donating can use it as a write-off. A NPO doesn't mean you don't make money or pay salaries or anything like that, but it does wonders for your tax status...
Jeff ----- Original Message ----- From: "Michael Dinowitz" <[EMAIL PROTECTED]> To: "CF-Community" <[EMAIL PROTECTED]> Sent: Wednesday, January 29, 2003 1:21 PM Subject: Business types? OK, this is a sticky one. House of Fusion exists as a corporate entity (S corp) but its income is $0. Its expenses are a lot more than the income and its existence is basically a cash drain. The question is, what other corporate or non-corporate entities exist that we can hold House of Fusion under without having to pay out corporate taxes? Michael Dinowitz Master of the House of Fusion http://www.houseoffusion.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Archives: http://www.houseoffusion.com/cf_lists/index.cfm?forumid=5 Subscription: http://www.houseoffusion.com/cf_lists/index.cfm?method=subscribe&forumid=5 Get the mailserver that powers this list at http://www.coolfusion.com Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
