<VV> More on Idea number 1

[corvairs]

Thank you Dave - It would also complicate point #2 where you would have 
to forgo any profit making sub-ventures - Lon

Dave Keillor wrote:
>> If CORSA isn't already a 501 (c) (3) non profit, a whole
>> bunch of people on the BoD are asleep at the switch, and
>> that goes back a long time.
>>
>> Hank
>>     
>
> Before bad-mouthing the board on this issue, read the book (available
> online from the IRS) on what it takes to qualify as a tax-exempt
> charity.  I've done the paperwork for such an organization
> (car-related), and I don't think you will find a way you can get a car
> club past the IRS.  The endowment still works, but not as a tax-exempt.
>
> Dave Keillor
>  
>