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Patrick McNamara wrote:

[deleted]

> On a similar front, I have been reading up on what is required to
> form a non-profit corporation in the state of Texas (where I live).
> From what I can tell, the requirements do not appear to be terribly
> onerous.  Getting IRS 501(c)(3) looks a bit more confusing, but so
> far I haven't found anything that would imply it would be terribly
> hard either.
> I've gotten to the point were further research involves deciphering
> legalese as well as other things like coming up with a "mission
> statement", etc.  It also moves us towards a big step, for better or
> worse.  I figured I'd get peoples feedback before expending more
> time here.  I'd much rather be writing code or hardware, but I think
> it's pretty important.  Should we move towards the creation of a
> foundation?  Are there any objections to it being in Texas, or even
> the US for that matter?  I'm looking for people's inputs as this
> involves the creation of legal entities and the capability to manage
> other people's donations, etc.  It's not a step to take lightly.
>

Just my usual objections to the stability of the US$. Opinion on this
side of the pond at least is that long term the US$ will fall. It
would grate me to have money depreciating in a US bank account because
the $ was going down.


Hamish.

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