On May 27, 2009, at 17:22, Blake Johnson wrote:
> Every member of the Habari LLC will have to receive a Schedule K-1 and > report Habari income and expenses on their personal tax returns. This > is a non-trivial addition to tax prep that I would not wish upon > anyone, let alone a large group of people. For this reason, I am in > favor of limiting the LLC membership to a small subset of people > (perhaps the founding four?). Um ... seriously? My taxes are way too complicated already. Why would I have to receive any kind of schedule anything, if I don't receive any actual compensation from the corporation? What baffles me about all this stuff is that the ASF has 200+ members, and *none* of them have any such requirements. What's the difference? Is it because it's a 501? Isn't there something less complicated? -- Being in politics is like being a football coach. You have to be smart enough to understand the game, and dumb enough to think it's important. (Eugene McCarthy) --~--~---------~--~----~------------~-------~--~----~ 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-users -~----------~----~----~----~------~----~------~--~---
