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Old 07-30-2008, 02:09 PM   #3 (permalink)
xepherys
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Quote:
Originally Posted by Cynthetiq View Post
You can stay as a not-for-profit business without filing, the difference of course is that you cannot say that the donations are tax deductable.
Of course. And I'm not 100% sure that it's worth going this extra step for a donation-driven but who-knows-how-long-term business At any rate, it's good to know it doesn't require mountains of paperwork. Perhaps I'll hook up with an accountant and figure some stuff out. Thanks!
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