RE: For Joe Mills


This is just the stuff I wish to avoid at this point. I would rather pay
for it out of my pocket and keep it as some type of informal club,
having it being no different then sending a letter to a friend.

Joe

Rado come in on this one. You should know.

>----------
>From: 	Mike Stephenson[SMTP:mike@beaconmortgage.com]
>Sent: 	Thursday, February 12, 1998 2:19 PM
>To: 	pumpkins@mallorn.com
>Subject: 	Re: For Joe Mills
>
>
>
>>Not to butt in, however I do believe you can have dues to cover your
>>newsletter cost and still be nonprofit. I belong to several quilt guilds
>>that work that way. Newsletters can be expensive to produce and mail.
>
>
>Just a general word of caution. To be a non-profit requires an approved
>application from the state PLUS a yearly "informational" tax return. It is
>this failure to do a tax return that can cause the person(s) who sign the
>checks to be responsible for any debts, workman's comp charges, unemployment
>insurance premiums, health care premiums, etc, etc that some agency rules
>should have been paid. The mentality is no non-profit return and is was
>really a business for the check signer.
>
>I am not a tax person, just someone who saw a friend bleed money having been
>a volunteer treasurer for a "non-profit" shopping center association who had
>a function where someone got hurt.
>
>Mike in Oregon
>
>
>
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