[hackerspaces] Working on setting up my space
tetsu yatsu
tetsuharu at gmail.com
Fri Oct 23 01:11:33 CEST 2009
Also, since I'd feel weird if I didn't double-post...
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?
A little tongue-in-cheek bit of information to share, since we're all
renting spaces and likely to be over $5,000/yr...
http://en.wikipedia.org/wiki/501(c)#Obtaining_status
If you gross less than $5000/yr (probably not leasing a space) you have
defacto tax exemption without any paperwork.
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