Mark wrote:
The purposes for which the corporation is organized are
exclusively for social, scientific, and educational purposes,
The reason I note this is that scientific and educational purposes are
allowed under a 501c3, but a social purpose, one must file under a
501c7. Basically, apparently that section needs to be re-written.
That's about the only one, really.
Oh, I was pretty sure it'd have to be modified slightly. And no,
social is fine for 501(c)3. You can also drop that out. I haven't
looked at it much lately.
The other thing I noted was that while three directors are required to
be named, only one person is actually needed to sign and be the
incorporator.
Hmm - that's not quite right. It took three of us to incorporate,
unless they changed it.
Then we need to submit papers to the Texas Comptroller of Public
Accounts after we get exempt status from the IRS to get exempt from
state sales tax.
Process is Secretary of State, IRS, then Comptroller. (I think you can
do the comptroller first, as being exempt from state sales tax is a
different process from income tax)
There was still an issue on whether or not we wanted to use
Paypal/Yahoo Stores/some other thing. Yahoo Stores I would basically
rule out, the per transaction fee is typical (2.25% or so, plus $.30
per transaction fee), but then they want a minimum of $40 a month fee,
at least. Paypal is about the same on the charges, but no monthly fee.
The one thing I wondered about though was whether we wished to just
establish a merchant account to allow online transactions, and then
during the registration at the convention, allow Visa/Mastercard
payments there. Just a thought to entertain.
--
Mark A. Miller
[EMAIL PROTECTED]
(512) 796-3592
