[sudo-discuss] Incorporation

[Patrik D'haeseleer]

On Sat, Oct 5, 2013 at 11:05 PM, GtwoG PublicOhOne <g2g-public01 at att.net>wrote:

>  Then when you make the filing with IRS, IRS will typically assign someone
> to work with you on it, to help get it approved.  This can still take well
> over a year to become finalized.  But during that time, you can still
> solicit donations and suchlike, provided that you inform donors that their
> donations may not be tax-deductible, and that an IRS decision on tax-exempt
> status is still pending.
>

Alternatively, you can get fiscal sponsorship for 501(c)3 status through an
organization such as School Factory <http://schoolfactory.org>. That way
you can start acting as a full 501(c)3 from the start, and they'll help you
out with all the paperwork, assume some financial liability, provide
nonprofit advice, etc. In exchange, they keep 10% of any donations (*not*
including membership fees, since those are not tax deductable).

Patrik
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