08-29-2004, 11:11 PM
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#19
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Join Date: Aug 2004
Location: Near Menlo Park New Jersey
Posts: 389
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Quote:
Originally Posted by NJSPEEDER
yes, we are forming a real club.
it will be a largely virtual affair, based on the web, no club house, no "mandatory" meetings.
we decided to incorporate so that we could do legitimate fund raising to attempt to have larger events at some point. also we need teh LLC status and not for profit endorsement to avoid taxation for our hobby. no one is trying to make any money here, but we all know how good the government can be at trying to take it anyway.lol
thanks for your support. as soon as we have our club straight we will talk to the pontiac/oakland club about workign together.
later
tim
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Understandable on the tax thing, and certainly appreciated on the not having to attend meetings thing. Sounds like you've got a well thought out plan here. Now if I could only figure out how to get the H out of the go nowhere job I'm in, then maybe my plans could move forward too
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