On Jul 28, 8:56 am, Rich Bowen <[email protected]> wrote: > I think that this is a bad idea for the simple reason that we don't > have the time and resources to manage it. You really want to do annual > tax filings? Seriously? >
Actually, unless we receive more than $25,000 in a given year, we don't have to file a tax return. And if we are receiving money on that scale, we can afford to get an accountant to do the tax return. The benefits (limited liability!!, being able to open bank accounts and conduct other transactions as an organization), are huge compared to the hassle. In my opinion, the "hassle" of forming our own organization is much less than trying to squeeze ourselves into another organization that isn't a great fit. And just to be clear what kind of hassle we are talking about... there is the initial paperwork involved in organizing and filing for 501(c) 3, there are discussions on bylaws which will require that we become more rigorous in defining PMC voting standards (a good thing, imo), and we will have to hold one annual meeting. We're not talking about a lot of work after formation. --Blake --~--~---------~--~----~------------~-------~--~----~ 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/habari-dev -~----------~----~----~----~------~----~------~--~---
