I'd just like to get clarification on this...
Does the IRS (not the legal system) view voluntary organizations the
same as they view non-profits? Will people donating to voluntary orgs
receive the same tax benefits as someone donating to a 501(c)3?
Jerry Kubeck wrote:
> >You only need five people to sign and they can be anyone. They do not have to
> >be anyone connected to the organization actually and certainly not officers
> >since there is nothing to be an officer of from a legal standpoint. They
> >should be persons associated with the proposed organization from a practical
> >standpoint. there is no downside to forming a voluntary
> >association/non-profit
> >corporation. It helps to limit individual liability and provides an entity
> >which can make contracts. Now, everyone, technically, is on the hook so to
> >speak.
