And the other thing people forget who try to "helpfully" set
us up a 501(c) in the US is that most of our expenses are *NOT* in the
united states. and a 501(c) has to spend most of it's money in the
united states. This is not helpful to us.
A Canadian solution is in the works.
-Bob
> There is work being done to put into place appropriate legal entities.
> This is essentially a large exercise in paperwork for accounting and audit
> compliance.
>
> We're on it. This stuff doesn't happen overnight. Now let's leave it at
> that...
>
> >> > a non-profit, a 'regular' corp cannot transfer funds without a TON of
> >> > justification paperwork (especially internationally) - our attorney said
> >> > it was definately not worth the legal expense involved and would almos
> >> > certainly invite an IRS audit (at more expense).
