On Sat, 20 Jan 2007, bofh wrote:
> I've actually been contemplating setting up a non-profit. If there's
> any accountants with experience would be willing to talk to me, I'd
> appreciate it.
>
Actually, I talked to Theo about this last year, as we currently operate
a non-profit that is underutilized. The problem is that since OBSD is NOT
a non-profit, a 'regular' corp cannot transfer funds without a TON of
justification paperwork (especially internationally) - our attorney said
it was definately not worth the legal expense involved and would almos
certainly invite an IRS audit (at more expense).
If you're in CA, OTOH, and could GET one setup, somehow, it WOULD benefit
anyone else that needs a deduction for a donation.
Most everyone can, however, expense normal RCO costs of purchasing of OBSD
s/w, media, et al - that's not a problem. The only place a non-profit is
beneficial is if someone wishes to donate funds that are not regular
expenses.
Lee
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Leland V. Lammert [EMAIL PROTECTED]
Chief Scientist Omnitec Corporation
Network/Internet Consultants www.omnitec.net
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