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Consider formally filing for 501(c)(3) status #6

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opened 3 years ago by DarkFeather · 0 comments

DarkFeather commented 3 years ago

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Currently we are operating effectively under a single independent contractor, @DarkFeather . Income for AniNIX expenses are classified as income on his taxes and reported to the state and federal governments accordingly. Currently, product orders are coordinated through him and the funds pooled for purchase with the items being delivered directly -- the AniNIX does not profit from any products sold.

However, it would be good to review how to formalize this with a more experienced person. Some documents of interest:

• https://www.revenue.wi.gov/DORForms/s-103.pdf
• https://www.revenue.wi.gov/DOR%20Publications/pb207.pdf

Currently we are operating effectively under a single independent contractor, @DarkFeather . Income for AniNIX expenses are classified as income on his taxes and reported to the state and federal governments accordingly. Currently, product orders are coordinated through him and the funds pooled for purchase with the items being delivered directly -- the AniNIX does not profit from any products sold. However, it would be good to review how to formalize this with a more experienced person. Some documents of interest: * https://www.revenue.wi.gov/DORForms/s-103.pdf * https://www.revenue.wi.gov/DOR%20Publications/pb207.pdf

DarkFeather added the RFC label 1 year ago

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Reference: AniNIX/Wiki#6

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