I think this is alot of work for no gain. As long as the illumos foundation
is willing to earmark donations for us to use (even if they want to keep a
small amount to cover their expenses for doing so), and is fine with us
handling our governance ourselves I see no reason to go through the trouble
and cost of making a fully separate entity. This is not something that just
happens, there are legal hurtles, mostly to the initial separation, but to
a lesser degree ongoing in setting up to be able to accept donations and
remain in compliance with the law.
The Illumos Foundation has been vary generous to provide us with hosting,
support, and not make any real demands on us in return. I think the best
with regard to this is to continue with our existing symbiotic
relationship.
Andrew Hettinger
http://Prominic.NET || ahettin...@prominic.net
Tel: 866.339.3169 (toll free) -or- +1.217.356.2888 x.110 (int'l)
Fax: 866.372.3356 (toll free) -or- +1.217.356.3356 (int'l)
<mag...@yonderway.com> wrote on 09/06/2012 03:32:41 PM:
> On Thu, 06 Sep 2012 14:15:48 -0600, Ken Gunderson <kgund...@teamcool.net>
> wrote:
>
> > Doesn't need to be a "C" corp. Keep it simple. Maybe an LLC or "S"
> > corp?
>
> Not if you want to accept tax-deductible donations.
>
> The cliff's notes: http://en.wikipedia.org/wiki/501(c)
>
> A 501(c)(3) may or may not be the right way to go. It's the kind of
> corporation that is attractive for people and corporations (and other
> Foundations, potentially) to make tax-deductible donations to. But there
> are responsibilities involved with keeping it going.
>
> -M
>
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