On Thu, Dec 07, 2006 at 01:25:33PM -0500, Bill Welliver wrote:
Non-profits are expensive to get registered; I looked into it and it would eat up the bounty pool. It's a non-issue as long as the money gets spent.
that is an US issue. over here, non-profits are so common that it is easy and cheap to make them.
the whole non-profit culture here is different. non-profits are not regarded as companies. you only need a charter that fits the law, get a few people and a notary to sign it, register it with the authorities and you are done.
the basic assumption is that a standard non-profit does not even have any income and no expenses either, so there is nothing to prove until you actually have a significant amount of income. (see http://en.wikipedia.org/wiki/Voluntary_association)
the joke goes: what do 3 germans do when they meet? the found an association.
I am also a bit confused as to how money got to be in someone else's hands (assume it has to do with there being several sources of the money), but that's a relative non-issue.
the money is not in someone elses hands but on my company account. officially it is money the company received through my work, either to be paid out to me (in which case income tax needs to be paid) or to be spent for things that i need for my work. it is placed on a seperate account from the rest of the company to make sure there is no mixup with any other company business.
is there a possibility of the money being disbursed after the first of the year? that would make tax implications much simpler for whatever ends up happening.
need to check, i think that michael wants to clear my account before the end of the year for the same tax implications. :-)
greetings, martin.