Re: [PLUG] Non-Profit -- was The Next Step? -- was Community Service Project (Devil's advocate)

["William H. Magill" <magill@mcgillsociety.org>]

On Saturday, July 12, 2003, at 01:15  PM, Barry Roomberg wrote:
> On Saturday 12 July 2003 12:40 pm, Paul wrote:
> > As Magnus pointed out, becoming an official non-profit organization
> > might be important.  That sounds like a lot of effort to go through 
> > for
> > one LUG.  Since other LUGs seem to come up with similarly great ideas,
> > what if a multi-LUG non-profit were formed?
>
> Non Profit setup?
>
> Painful!  Bylaws, officers, accounting, etc, etc, etc.

You forget the most important -- Non Profits must file all kinds of 
City, State and Federal tax returns, and those must be signed by the 
officers...

... translation -- PERSONAL LIABILITY for the actions of others over 
whom you may or may not have control.

Want to diffuse the liability, then incorporate... oops more paperwork 
and tax returns.

And more to the point -- being a non-profit does NOT mean that you 
don't have expenses to stay that way. That is why "good" non-profits 
are those who spend no more than 40% of their income on "overhead."

T.T.F.N.
William H. Magill
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magill@mcgillsociety.org
magill@acm.org
magill@mac.com

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