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On Wed, Jul 03, 2019 at 09:08:14AM -0400, Rich Freeman wrote: |
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> On Wed, Jul 3, 2019 at 8:56 AM Michał Górny <mgorny@g.o> wrote: |
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> > |
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> > Are you aware if the fee is going to be the same if we |
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> > go for proper non-profit? |
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> |
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> Do you mean 501c3 by "proper non-profit?" Or some other tax-exempt status? |
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> |
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> I think most around here have abandoned all hope of ever running our |
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> own 501c3. A number don't even think we should try, and a 501c3 is |
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> hard enough to get approved if you have a professional board all |
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> towing the party line. If you get people making public statements |
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> like we ought to be a trade association (which is non-exempt) it would |
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> be even harder. |
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> |
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This is not true. A 501c3 is not some mysterious unicorn that no one can obtain. |
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Plenty of organizations gain tax-exempt status with the IRS by simply filing and |
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following the law. We will be just fine if we decide to maintain a 501c3. |
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> However, I imagine most CPAs would charge more for a tax-exempt org as |
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> there is MUCH more scrutiny on their operations. I'd also argue that |
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> we would need to be spending more on compliance in general or |
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> consulting ad-hoc with professionals to not run afoul of the law. |
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> |
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No, not true either. |
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-- |
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Cheers, |
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Aaron |
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