[sudo-discuss] Legal Status

[J.C.]

Has anyone looked at or familiar with the newer nonprofit mutual benefit
corp now available in California...

http://www.sos.ca.gov/business/corp/pdf/articles/arts-mu.pdf


On Thu, Jul 18, 2013 at 12:29 PM, David Rorex <drorex at gmail.com> wrote:

> On Thu, Jul 18, 2013 at 12:23 PM, Eddan Katz <eddan at clear.net> wrote:
>
>> An LLC enables those thinking about the SEC provisions, recently
>> announced to go into effect in ~60 days - to organize themselves in a way
>> that allows them to offer equity in future profits to the crowdfunding
>> public.
>
>
> I don't think you're gonna be making any profits off a hackerspace (Even
> TechShop, with all its funding and fancy tools and expensive membership, is
> struggling). Even if you did manage to, imagine how people would feel when
> they found out that money given to sudoroom was ending up in people's
> pockets instead of going towards the space & its programs.
>
> On Thu, Jul 18, 2013 at 12:25 PM, Andrew <andrew at roshambomedia.com> wrote:
>
>> Keep in mind that California LLCs cost $800/year. I don't think that
>> changes if you are a non-profit, but I'm not 100% sure
>
>
> Same for non-profit. UNLESS you are tax exempt, in which case you don't
> have to pay it. (non-profit and tax exemption status are two separate
> things)
>
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>
>


-- 
ThanX,
;+)

https://www.noisebridge.net/wiki/Fort
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