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Moving to a 501(c)(3) structure–some warnings

I’m amazed. Both of the contacts to whom I wrote yesterday afternoon have already replied. And their replies to my question about moving toward 501(c)(3) status were not encouraging. Read the rest of this entry »

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Profit v Non-Profit: Governance and direction

Continuing to think through the potential legitimacy of shifting from a profitable/taxable to a [profitable]/tax-exempt entity, I wrote to J____, our legacy planner.

The matter of board governance lays heavily on Sarita’s and my mind as we consider the possibility of shifting to a 501(c)(3) form. We have observed too many 501(c)(3)s to enter into this lightly. Some concerns: Read the rest of this entry »

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