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Old 11-15-2006, 10:26 AM
PenguinTrax PenguinTrax is offline
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Don't forget that if you incorporate in your state, you may be required to register and apply to be a federal non-profit (501c3) which is a time consuming and often costly process. In addition, you will be responsible for submitting income statements and reports to the IRS. For this you really need to have an attorney on retainer and probably a tax accountant as well.
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