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Re: [PLUG] Non-Profit -- was The Next Step? -- was Community Service Project (Devil's advocate)
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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.
Meeting after meeting after meeting into the middle of the night.
For political crap, not technical learning.
Been there with the PC Club of South Jersey about 15 years ago.
Huge amount of hassle and responsibility.
Don't take it lightly.
Barry's right about the hassle, responsibility with the officers,
accounting, bylaws, etc. Not so much meetings as a lot of
responsibility for whoever it falls upon to comply with state law and
IRS regs, filings, etc. It's worth it if you want to /be/ a non-profit,
and do other charitable and community oriented things, but not for a one
shot. (i.e., may be worth it for PLUG, Jr.) Usually someone in the
group who is an accountant by profession, and is set up to do it, takes
on this responsibility.
--
_______________________________
Art Alexion
Arthur S. Alexion LLC
mailto:arthur@alexion.com
http://www.alexion.com
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