[Businessmtg] non-profit status
Emee Arthur
emee3x12 at hotmail.com
Sun Jul 4 20:49:40 PDT 2010
Should ASP work toward incorporation as a non-profit organization?
Hi Everyone,
What would ASP benefit by becoming non-profit incorporation?
Our f2f Area Assembly went through this non-profit process and
there was much more to it than any of us expected. It took over two years to complete.
The savings on taxes are great since the Area holds several large events during the year.
ASP has none of these events or large expenses though, do they?
If we decide to do this we will need to draw up pages of by-laws, hire an attorney, an accountant, and also
pay for a permanent business mailing address (one with an actual person there
during regular business hours, not a PO Box). Unless there is a reason I am unaware of,
I would not suggest filing for non-profit status for ASP. I believe it would be a lot of
unnecessary trouble.
I opened a new bank account for our District with an EIN number and typed up some Articles of Organization.
Why can't an EIN be used?
Emee
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