[Noisebridge-discuss] Insurance notes

[David Molnar]

> I'm not sure if gating getting the space until this formality is worked 
> out is a good idea - what do others think?  It seems like, in the 
> short-term, a few members will have to "step out on a limb" and hope all 
> goes well.
> 

Well, in the short term we should totally continue to add spaces to the 
wiki and schedule viewings. ;)

Beyond that, it sounds to me that we need more clarity on the options. 
 From reading at say, www.incorporate.com or
http://www.amerilawyer.com/cal_nprft_inc.htm

it sounds like one can get a non-profit but *not* 501(c)(3) tax-exempt 
CA corporation in a short amount of time. It's not clear to me what that 
does or does not buy us vs. incorporating as a for-profit corporation or 
LLC. For example, the amerilawyer link notes that there's a minimum 
yearly corporate tax on California corps that we might avoid this way 
without needing to go all the way for IRS tax exemption.

Personally I think it is worth spending a little bit of time to work out 
the options here. I'd prefer not to have *anyone* out on a limb if we 
can avoid it at reasonable cost. That may be just me, and perhaps some 
members are willing to do it. If so, great! We will still have to figure 
out the options, though, for the eventual Noisebridge entity, so it's 
worth looking into it now.

One start would be calling around and having preliminary conversations 
with people that offer nonprofit incorporation services in CA. We also 
have some generous offers from others to share their experience in 
forming 501(c)(3) nonprofits (and it sounds like you have experience 
here too?). These could be helpful for guiding our discussions.

Does someone or someones want to start learning more and documenting 
this on the wiki? I have intermittent access this weekend or would do 
some of it myself, sorry...

-David Molnar

-------------- next part --------------
A non-text attachment was scrubbed...
Name: signature.asc
Type: application/pgp-signature
Size: 250 bytes
Desc: OpenPGP digital signature
URL: <http://lists.noisebridge.net/pipermail/noisebridge-discuss/attachments/20080124/ccfc03ae/attachment-0003.sig>