|Re: incorporation||<– Date –> <– Thread –>|
|From: David Mandel (dlmandelrcip.com)|
|Date: Fri, 24 Jan 1997 01:55:04 -0600|
Replying to the entire list because this may be of interest to other new groups as well. Query: >Our group in Buffalo, NY is interested in information regarding >incorporating with non-profit status. For those out there who are >incorporated, what corporate forms did you incorporate under? >Any extra info we'd be grateful for. > >Buffalo Cohousing Initiative 1. There are lots of different types of nonprofit organizations defined under the Internal Revenue Code. The most appropriate depends on what type of group you are (an organization that intends to merely educate about cohousing? a core group looking for a site and starting to raise money? a homeowner association occupying your completed homes?) Each has its own set of eligibility requirements and restrictions. You should get competent legal advice regarding your specific situation and plans. 2. If you mean a tax-exempt organization, the restrictions are greater and more specific. Again it depends on what type of body you are creating. 3. If you mean an association to which people can contribute money and claim a tax deduction for themselves, this is the most restrictive. For starters it must be charitable, educational or religious in purpose. A typical group of people who want to develop housing for themselves would definitely not qualify. 4. While IRS rules apply all over the U.S., the types of associations you can form vary a lot from state to state. Again, get good local legal advice to help find what makes most sense for you. David Mandel, Sacramento
- Re: incorporation, (continued)
- RE: incorporation Rob Sandelin, January 31 1997
Results generated by Tiger Technologies Web hosting using MHonArc.