• 0 Posts
  • 283 Comments
Joined 1 year ago
cake
Cake day: June 29th, 2023

help-circle







  • The most difficult part is creating the charter and selecting the appropriate category; after that it’s a small filing fee (most states) and - as long as you stay under $50k income - a trivial tax reporting burden. I’ll be filing two returns - one for MD and one for VA - for two non-profits I’m on the board of this weekend. I’ll be done before breakfast. They both have federal EINs and both are small enough we use Excel for ledger (since QuickBooks has gone to online-only annual extortion as their business model). Without paid employees or stockholders (just a board of directors), edit: and have no substantial physical property, and without donations coming from prohibited individuals or sanctioned stated, there is diminishingly little paperwork. If it’s just a virtual organization with leased remote assets like web services, the bar is pretty low. Maryland has no annual fee; Virginia has a small one ($75, I believe) to maintain the corporation.