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

[Christopher Pilkington]

On Feb 22, 2012, at 5:00 PM, Jonathan Bowen wrote:

> Is it legal for me to use the equipment in a Non-Profit makerspace to run
> my business?

Get an attorney familiar with 501c3.

IANAL… As someone who is in control of the 501c3 and then providing rental space to a business you control, you're opening yourself for excess benefit transaction sanction.  An obvious situation would be if the 501c3 leased the space to your personal company at below market value.

Get an attorney familiar with 501c3.

-cjp