[Finance] Running a Company inside a 501(c)3 Makerspace

[Lokkju Brennr]

IANAL and IANAA, but...
I'd just have your business rent space from the 501(c)(3).
Essentially, create a "business" level hackerspace membership.  The
rent/membership would not be tax deductible as a donation for your
business, but would be tax deductible as a business expense.  For the
non-profit, it is just like any other income.

Loki

On Wed, Feb 22, 2012 at 2:00 PM, Jonathan Bowen <jonbowen234 at gmail.com> wrote:
> We are starting a Makerspace in Pensacola.FL. Emerald Coast Community of
> Makers (eccmakers.com)
>
> We are still working on our By-Laws and setup our corporate structure.
> Someone brought up a point that I wanted to see if anyone else has run into
> problems with.
>
> Is it legal for me to use the equipment in a Non-Profit makerspace to run
> my business?
>
> The space will most likely file for 501c3 status. I run my own company out
> of my house right now. www.corseceng.com I want to move most of my
> production equipment to the space for use by the members and to get it out
> of my house :) I plan to spend a lot of time down there. I'm already
> planning on purchasing larger equipment for the space as money is made
> available.
>
> I will not entertain clients in the space. I do not plan to make it my
> office but I will be producing my products at the site and with the space
> equipment.
>
> Thanks!
>
> Jonathan Bowen
>
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