<html><body>
<p><font size="2" face="sans-serif">I think this is alot of work for no gain. As long as the illumos foundation is willing to earmark donations for us to use (even if they want to keep a small amount to cover their expenses for doing so), and is fine with us handling our governance ourselves I see no reason to go through the trouble and cost of making a fully separate entity. This is not something that just happens, there are legal hurtles, mostly to the initial separation, but to a lesser degree ongoing in setting up to be able to accept donations and remain in compliance with the law. </font><br>
<br>
<font size="2" face="sans-serif">The Illumos Foundation has been vary generous to provide us with hosting, support, and not make any real demands on us in return. I think the best with regard to this is to continue with our existing symbiotic relationship.</font><br>
<font size="2" face="sans-serif"><br>
Andrew Hettinger<br>
<a href="http://Prominic.NET">http://Prominic.NET</a> || AHettinger@Prominic.NET<br>
Tel: 866.339.3169 (toll free) -or- +1.217.356.2888 x.110 (int'l) <br>
Fax: 866.372.3356 (toll free) -or- +1.217.356.3356 (int'l)<br>
</font><br>
<br>
<tt><font size="2"><magnus@yonderway.com> wrote on 09/06/2012 03:32:41 PM:<br>
> On Thu, 06 Sep 2012 14:15:48 -0600, Ken Gunderson <kgunders@teamcool.net><br>
> wrote:<br>
> <br>
> > Doesn't need to be a "C" corp. Keep it simple. Maybe an LLC or "S"<br>
> > corp? <br>
> <br>
> Not if you want to accept tax-deductible donations.<br>
> <br>
> The cliff's notes: <a href="http://en.wikipedia.org/wiki/501(c)">http://en.wikipedia.org/wiki/501(c)</a><br>
> <br>
> A 501(c)(3) may or may not be the right way to go. It's the kind of<br>
> corporation that is attractive for people and corporations (and other<br>
> Foundations, potentially) to make tax-deductible donations to. But there<br>
> are responsibilities involved with keeping it going.<br>
> <br>
> -M<br>
> <br>
> _______________________________________________<br>
> oi-dev mailing list<br>
> oi-dev@openindiana.org<br>
> <a href="http://openindiana.org/mailman/listinfo/oi-dev">http://openindiana.org/mailman/listinfo/oi-dev</a><br>
</font></tt></body></html>