Archive:Incorporation

This page will become more updated when Gavin Baker sends out an email with his ideas on pro/con toward the end of 2007-07-17.

= History = We were once registered as an incorporated entity in Florida. We are no longer because we let it lapse. = Pros = Reasons we'd want to incorporate:
 * To support a paid staff
 * We can eventually become a 501(c)3 and accept donations from people to whom tax-deductibility is important
 * We can join iCommons if we become a 501(c)3
 * Many more grants are open to 501(c)3s
 * it increases our creditability as an orginization

= Cons =
 * We have to pay a $XXX fee in Mass, or a $YYY fee in Calif., or a $ZZZ fee in New York
 * We could get audited if we have more than $2M in CA or
 * We have to pay the IRS $X in 501(c)3 filing fees
 * Plus about $1500 in legal fees or find a pro-bono lawyer