[sudo-discuss] Notes from Meeting With Potential Sudo Lawyer

1) Do we even really need 501c3? 501c3 is a means to an end. The benefit is that large institutions wont donate or grant to us without it. The downside is that it will cost several hundred dollars and is a PITA from a effort point of view. Smaller institutions can donate to us and get their donations tax exempted as long as they do, (and they can) argue that we are in spirit a non-profit. So we should only get 501c3, if we think other umbrellas aren't easier, and we see big donations coming in later. 1a) we need to determine the probability of getting such a donation from a large instituion in the next year 2) Incorporating. It's not enough to just file papers because in a pinch if we do not act and do all our board meeting officiating properly we could be dismissed as a farce of a incorporation. 3) changing the articles of incorporation has to happen in sacramento and is expensive and slow. it's easier to edit the by laws if possible. 4) we need to make records whenever the board of directors issues dirctives, however small. 5) if we ever became so attached to the omni that it would break sudo spiritually or financially to move out then we need to get a formal contract with omni. 6) the IRS is allergic to nonprofits that use certain words like "tea party" and surprisingly "open source" because they've been burned by those types before. 7) treasurer does not have heightened financially responsibility than anyone else on the board. Make a great day, Max Klein ‽ http://notconfusing.com/