[oi-dev] is there a vector for donating to OI?
magnus at yonderway.com
magnus at yonderway.com
Thu Sep 6 20:32:41 UTC 2012
On Thu, 06 Sep 2012 14:15:48 -0600, Ken Gunderson <kgunders at teamcool.net>
wrote:
> Doesn't need to be a "C" corp. Keep it simple. Maybe an LLC or "S"
> corp?
Not if you want to accept tax-deductible donations.
The cliff's notes: http://en.wikipedia.org/wiki/501(c)
A 501(c)(3) may or may not be the right way to go. It's the kind of
corporation that is attractive for people and corporations (and other
Foundations, potentially) to make tax-deductible donations to. But there
are responsibilities involved with keeping it going.
-M
More information about the oi-dev
mailing list