<html><body bgcolor="#FFFFFF"><div>I'm more thinking donations and grants than actually paying taxes. I think it would open more doors<br><br>On Oct 22, 2009, at 7:11 PM, tetsu yatsu <<a href="mailto:tetsuharu@gmail.com">tetsuharu@gmail.com</a>> wrote:<br><br></div><div></div><blockquote type="cite"><div><div>Also, since I'd feel weird if I didn't double-post...</div>
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<div>The Non-Profit people we've been talking about our future incorporation have told us to register as an LLC instead of an NPO, and get 501(c)3 exemption status on an LLC. I haven't been able to validate this. Anyone using this? Anyone know if this is legal?<br>
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<div>A little tongue-in-cheek bit of information to share, since we're all renting spaces and likely to be over $5,000/yr...</div>
<div><a href="http://en.wikipedia.org/wiki/501(c)#Obtaining_status"><a href="http://en.wikipedia.org/wiki/501(c)#Obtaining_status">http://en.wikipedia.org/wiki/501(c)#Obtaining_status</a></a></div>
<div>If you gross less than $5000/yr (probably not leasing a space) you have defacto tax exemption without any paperwork. </div>
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