> Reminder that 501c3 or whatever non-profit status ironically costs about $20k > after filing and legal fees (there is a helluvalotta paperwork)
Unless you get legal done pro-bono and then it's much cheaper, which is likely. > and requires gobs of administrative work and reporting going forward, meaning > you need to hire people for money to do that for you as it's awfully > complicated. This, of course, is harder to get around. -Mike Schinkel Ignition Alley Atlanta Coworking http://ignitionalley.com On Feb 23, 2010, at 8:54 AM, Tara Hunt wrote: > Reminder that 501c3 or whatever non-profit status ironically costs about $20k > after filing and legal fees (there is a helluvalotta paperwork) and requires > gobs of administrative work and reporting going forward, meaning you need to > hire people for money to do that for you as it's awfully complicated. > > I watched Freecycle go through this painful process and they really regret it. > > T > > On Tue, Feb 23, 2010 at 7:19 AM, rachel young <[email protected]> wrote: > > Ah, thanks for the clarification. Learning the a corporate structures of > other countries has been a steep learning curve, but this does make sense. > You do have a lot of lobby groups, after all. :-P > r. > > > > > On 23 February 2010 01:32, Mike Schinkel <[email protected]> wrote: > Hi Rachel, > > This is great stuff, really! Thanks for all the effort. > > One point of note on your non-profit "con" about political lobbying, at least > in the USA, if an organization elects 501(h) instead of 501(c)(3) then they > can lobby. Generally, organizations that make the 501(h) election under the > 1976 lobbying law may spend 20% of the first $500,000 of their annual > expenditures on lobbying ($100,000), 15% of the next $500,000, and so on, up > to $1 million dollars. > > http://www.muridae.com/nporegulation/lobbying.html#lobbying_who_may > http://www.asaecenter.com/PublicationsResources/whitepaperdetail.cfm?ItemNumber=12202 > > -Mike Schinkel > Ignition Alley Atlanta Coworking > http://ignitionalley.com > > P.S. I've recently looked into this issue for another non-profit I'm setting > up. :) > > > > -- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]. > For more options, visit this group at > http://groups.google.com/group/coworking?hl=en. > > > > -- > tara 'missrogue' hunt > > Book: The Whuffie Factor (http://www.thewhuffiefactor.com) > Blog: HorsePigCow: Marketing Uncommon (http://horsepigcow.com) > Twitter: http://www.twitter.com/missrogue > phone: 514-679-2951 > > -- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]. > For more options, visit this group at > http://groups.google.com/group/coworking?hl=en. -- You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/coworking?hl=en.
