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Old 07-31-2009, 09:39 AM   #2 (permalink)
Shell
Cheers
 
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Location: Eastcoast USA
...wow, what a way to make a difference in this world! Is there some way you can structure your plan to be non-profit in the beginning until your foundation is solid and then become independent later if you feel the need?

...there are so many benefits from doing it that way...yes, there are gov't rules and regulations and loads of paperwork that go along with a non-profit status but the benefits would far outweigh any unwanted interference.

...like you mentioned, benefits include increased donorship because of tax-write-offs, your business would be tax-exempt, you would have flexibility due to not having shareholders, and the concept of Debt Offerings would be available to you...only available to nonprofit corporations (a debt offering is a way to raise capital for nonprofits unable to do so through the sale of shares)

...but, at any rate, Pan, i have confidence in you because you show a great passion for your cause...and that's most of what's needed for success right there! Never lose that passion and you will achieve your dream!
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