Yeah,<div><br></div><div>My understanding is that a DBA doesn't give you any protection at all - at least it doesn't in CA</div><div><br></div><div>CRASHSpace is currently an sCORP and we have another 20 or so months to decide to roll it into a 501c3 or not. A lot of that depends on what direction the members want to take it in. We have insurance through State Farm.</div>
<div><br></div><div>I briefly looked into the Fraternal Order route and it seemed a like a status that would require crazy documentation to acquire and like it provided limited benefits. But I could be wrong. I'd love to hear what you find out.</div>
<div><br></div><div>Best</div><div>-- Carlyn</div><div>-- CRASHSpace.org<br><br><div class="gmail_quote">On Sat, May 22, 2010 at 5:58 PM, Lokkju Brennr <span dir="ltr"><<a href="mailto:lokkju@gmail.com">lokkju@gmail.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;">BrainSilo went ahead and filed as a state nonprofit, and we're working<br>
on 501c3. One thing we are exploring, and would love to talk to<br>
others about, is going down the fraternal order route - it generally<br>
lets you do two very nice things (in addition to being a form of non<br>
profit):<br>
- it lets you exist as a private club<br>
- it lets you have one parent org, and multiple chapters - but only<br>
the parent org has to apply for and maintain the IRS status. Any<br>
chapters automatically receive it as long as the parent does.<br>
<br>
<br>
Loki<br>
<div><div></div><div class="h5"><br>
On Sat, May 22, 2010 at 2:29 PM, Jason Bailey <<a href="mailto:drfuzz@gmail.com">drfuzz@gmail.com</a>> wrote:<br>
> Matt,<br>
><br>
> DBA is just "doing business as" and is in order to legally conduct<br>
> business in a name other than your registered corporation name. You<br>
> could, for instance, file with the state as "Austin Hackerspace Inc"<br>
> and then further file a DBA as the actual name of the space. (This is<br>
> in fact what Hive13 does here in Cincinnati.)<br>
><br>
> <a href="http://www.nolo.com/" target="_blank">http://www.nolo.com/</a> is a good resource, in general, for deciding LLC<br>
> or S-Corp, etc.<br>
><br>
> The insurance question has been discussed on this list a few times in<br>
> the past (in fact, I sent a similar email a year ago). I'll point you<br>
> to the archives of this list here<br>
> <a href="http://lists.hackerspaces.org/pipermail/discuss/" target="_blank">http://lists.hackerspaces.org/pipermail/discuss/</a> though there isn't an<br>
> easy search interface that I could find.<br>
><br>
> Hive13 has liability insurance through a local company here in<br>
> Cincinnati, <a href="http://www.cai-insurance.com/" target="_blank">http://www.cai-insurance.com/</a> Your group will need to<br>
> decide how much coverage you want. We have I believe $2,000,000 in<br>
> general aggregate liability coverage with some per-incident maximums<br>
> and pay around $900/yr. Find a local insurance company and ask for a<br>
> quote; they will probably ask questions about what types of activities<br>
> go on in your space (or that you plan to have) and decide from there.<br>
><br>
> Jason<br>
><br>
><br>
><br>
> On Sat, May 22, 2010 at 5:17 PM, Matthew McCabe <<a href="mailto:matt@mrmccabe.com">matt@mrmccabe.com</a>> wrote:<br>
>> The Austin Hackerspace is looking at options for forming a legal<br>
>> entity and are considering an LLC or DBA. What legal formation do the<br>
>> US based hackerspaces typically use?<br>
>><br>
>> Also, we are looking at buying liability insurance to protect the<br>
>> founders and members of the space. Any suggestions on what level of<br>
>> coverage we should have? Or recommendations on companies that provide<br>
>> cheap liability insurance?<br>
>><br>
>> Thank you for your help!<br>
>><br>
>> -Matt<br>
>> _______________________________________________<br>
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