Quote:
Originally Posted by PenguinTrax
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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Yep.
To incorporate and to be a non-profit, it's going to cost money. As a new organization, you may not have a lot of money, but if you want it to be a lasting organization, these are important things to take care of.
I'm guessing that you're all college kids. Not only do you have the stress and time consumption of starting a new group and all that involves- recruiting members, activities, etc., but you're also college kids who are there to get an education. Many of you also work. To get yourselves to the level of knowledge where you could do this on your own (AND DO IT RIGHT!) would be very time consuming and stressful. So you really have to weigh things.
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