| |
Re: 503C Nonprofit
GMarmet@AOL.COM
Wed, 15 Dec 1999 10:55:28 EST
In a message dated 12/15/1999 9:40:48 AM Central Standard Time,
michael_derleth@ELI.NET writes:
<< Are there IRS/Tax/additional paperwork filings that we would be
subject to if we were to pursue this?
>>
This is not something I would advise doing without legal counsel, but then I
am an attorney. You will need to set up a non profit entity first: either a
corporation or an association of some kind. Paper work to draft. Paper work
to file with the appropriate state agency in your state. Next you have to
appy to the IRS for tax exempt or charitable status using the appropriate
forms (its about 15 pages). Then you have to answer their questions-
estimated time 6 months to 1 year. Finally you have to register your
organization with the state as a "charitable" organization. Oh, don't forget
the distinction between a tax exempt and a charitable organization. The
former pays no income taxes; the latter pays no income taxes and
contributions to it are deductible as chaitable contributions.
Finally, of course, there are the annual returns of exempt organizations
(Forms 990 and whatever for the state) to be filed every year thereafter.
Don't do this unless you have to.
Yours in Scouting,
G. John Marmet
Scouter at Law
|
|
A few Commercial Links from the SCOUTER NetCompass...
|
 Maine Whitewater Rafting-Scout Specials!
Rafting and Kayaking in Maine - Scout Specials, Camping, Cabins, Meals, Hiking, Biking, Climbing Wall, Team Building and More!
FL - Florida Sail Training Adventure
Sail Training on Florida's Emerald Coast on an historic wooden sailing schooner
# 1 Eagle Scout Gift For Past 5 Years
Over the past five years this gorgeous 8x10 framed print, with inset poem - This Uniformed Little Boy - has become the number one gift presented at Eagle Courts of Honor.
Whitewater Rafting and Merit Badge
West Vrginia Whitewater Rafting, Climbing, Horseback Riding, Fishing and Mountain Biking with Appalachian Wildwaters. We offer camping, lodging, food, a pool and a hot tub to relax in after a day of adventure.
Team Building Games - Best on the Web
New scoutmaster? Looking for fun team building games you can learn now and lead tonight? Visit our virtual team building games workshop online. Comprehensive resource. Free activity guide.
Rafting & Camping on the Colorado River
Receive a FREE night of camping when you whitewater raft on the Colorado River through Glenwood Canyon.
Arrowheads For Arrow of Light Awards
Purchase authentic looking, hand crafted arrowheads for less than .25 cents each. Perfect for making ceremonial arrows. Made of stone, these are top notch replicas!
Add your link to SCOUTER NetCompass
|
|
|
 |
|
|
