I really appreciate that people are enthusiastically stepping forward to think about on this stuff. At the same time, many of us have been working on it for the past year. We have looked into many options with a very experienced radical lawyer and after doing so the delegates have made decisions. It really would not be productive to go through this extensive process again.
It also not easy to explain these complex matters in an email. If you have questions about what is already in process, please come to a fundraising/buy the building working group meeting Mondays at 5, or speak to someone who has been on that working group in person.
The issue with making more money from the ballroom isn't its corporate structure. It is having enough people consistently working on booking and producing events. Getting involved in this is the most helpful action to take at this time.
Laura
On 11/3/15 1:34 PM, yar wrote:
_______________________________________________On Tue, Nov 3, 2015 at 1:22 PM, Mary Ward <maryhbw@gmail.com> wrote:
Do we need the Omni to be come a non-profit entity since we will haveCan you fiscally sponsor a for-profit company?
several fiscal sponsors in the building? We can be a for profit business
that makes no profits, without risking an audit, and with less accounting
headaches.
The delegates decided we should apply for 501c3 back in August.
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