[sudo-discuss] [omni-discuss] Benefit Corporation?

[Laura Turiano]

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 at gmail.com> wrote:
>> Do we need the Omni to be come a non-profit entity since we will have
>> 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.
> Can you fiscally sponsor a for-profit company?
>
> The delegates decided we should apply for 501c3 back in August.
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