[sudo-discuss] Legal Status

[David Rorex]

On Thu, Jul 18, 2013 at 12:23 PM, Eddan Katz <eddan at clear.net> wrote:

> An LLC enables those thinking about the SEC provisions, recently announced
> to go into effect in ~60 days - to organize themselves in a way that allows
> them to offer equity in future profits to the crowdfunding public.


I don't think you're gonna be making any profits off a hackerspace (Even
TechShop, with all its funding and fancy tools and expensive membership, is
struggling). Even if you did manage to, imagine how people would feel when
they found out that money given to sudoroom was ending up in people's
pockets instead of going towards the space & its programs.

On Thu, Jul 18, 2013 at 12:25 PM, Andrew <andrew at roshambomedia.com> wrote:

> Keep in mind that California LLCs cost $800/year. I don't think that
> changes if you are a non-profit, but I'm not 100% sure


Same for non-profit. UNLESS you are tax exempt, in which case you don't
have to pay it. (non-profit and tax exemption status are two separate
things)
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