I talked to Ed Lawson last night and he says in the State of NH, they view
both (voluntary and non-profit) the same. So for $25 we get the status,
limited liability and offer our benefactors the donation exemption ability.
As to the IRS, we have a year from date of filing with NH to file with the
IRS. That will allow us the time to decide if we want to continue on the
path to responsibility or go back to the home grown loose knit group we
have been.
In a message this morning to the group, Dan York brought up another way to
accomplish the apparent look of a non-profit with out being one (like going
through the New Hampshire Charitable Fund). There are postives and
negatives to this.
At the juncture we, the GNHLUG, are at now, having already done the
research and several people willing and able to go forward, we really don't
have to sidestep the actual process. We sign the paperwork, submit the
paperwork, we go to a bank, open an account requiring two signatures and
away we go with a start of over $200 (probably over $300 after CD sales are
included) plus in the account that we already have.
I should have had the paperwork last night, but didn't get with Ed Lawson
to make the transfer.
If any of you have questions or opinions, please do so soon as the filing
will take place soon after I get the papers signed. So far we have had 14
YES, 0 NO
Jerry
>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.
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Jerry Kubeck Customer Support Appropriate Solutions, Inc.
[EMAIL PROTECTED] www.AppropriateSolutions.com
