[hackerspaces] Working on setting up my space

[Tim Krabec]

I'm more thinking donations and grants than actually paying taxes. I  
think it would open more doors

On Oct 22, 2009, at 7:11 PM, tetsu yatsu <tetsuharu at gmail.com> wrote:

> 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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