[sudo-discuss] a lawyer has landed on our doorsteps

[Autonomous]

>I've been told that Once a property is acquired by a 501c3 it is very
complicated to sell it.

Indeed. However you could own a property outright for less than one years
rent. If needed it could be rented out or sold to another 501c3 or local
government entity.

On Thu, Nov 20, 2014 at 1:27 PM, Alice Rosenthal <
beehappysolutions at gmail.com> wrote:

> I've been told that Once a property is acquired by a 501c3 it is very
> complicated to sell it.
>
>
> Alice
> 415-272-0596
>
>
>
>
> On Nov 19, 2014, at 12:45 PM, Autonomous wrote:
>
> Here's a correction, sorry:
> Once 501c3 status is obtained then it is possible under California law to
> acquire a tax foreclosed property for the price of taxes due only.
>
> On Wed, Nov 19, 2014 at 12:42 PM, Autonomous <autonomous666 at gmail.com>
> wrote:
>
>> Prior to meeting with the attorney it would be good to prepare a "purpose
>> statement" that describes the activities of SudoRoom that qualify for
>> non-profit status. A few other hackerspaces have acquired 501c3 status.
>> Here is an example:
>>
>> The Geek Group provides access to science, technology, engineering and
>>> math by developing programming and facilities for individuals and
>>> institutions to learn, explore, innovate and play at an independent pace
>>> according to their needs.
>>
>> http://thegeekgroup.org/about-2/mission-statement/
>>
>> Obviously the educational activities of Sudo Room would qualify as a
>> public benefit or charitable purpose. There's also a number of other
>> qualifying purposes having to do with community welfare, defense of human
>> and civil rights secured by law and so on.
>>
>> Once 501c3 status is obtained then it is possible under California law to
>> acquire tax a foreclosed property for the price of taxes due only. There
>> are a number of interesting properties available in Oakland that would
>> serve your purposes.
>>
>>
>
>
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