[atlarge-discuss] FYI...

[walts@att.net]

I've mentioned shelf-corps a few times - FYI:

What is a shelf corporation?
 A shelf corporation is a pre-formed corporation that is existing and in good 
standing. It has no current business activity, no assets, no liabilities and 
no stock has been issued. 

Why purchase a shelf corporation?
 Sometimes "time is of the essence." Often a corporation is 
needed "yesterday." A shelf corporation is ready to begin business 
immediately. Any potential delays in startup are avoided. The shelf 
corporation's name can, if you wish, be easily changed. 

Changing the Name of a Shelf Corporation
 If the name of the Shelf Corporation does not meet your business or special 
needs, an amendment can be filed with the Secretary of State to change its 
name. 

And about 501(c)3s:
 The non profit corporation will not be a taxable entity as long as its 
activities are for charitable, scientific, religious or educational, or a 
combination thereof. In addition, as a 501(c)(3) corporation, the corporation 
will be allowed to receive tax free contribution and contributors will be 
permitted to deduct the contribution on their personal tax returns. You must 
be approved by the IRS before donations are considered tax deductible. There 
is a $500.00 fee made payable to the IRS which must be submitted with the 
application. Once the application has been accepted, you will receive a formal 
letter of determination from the Internal Revenue Service. This process, once 
properly submitted, takes about 3 to 6 months.

So much for donations, today...

--
 - REgards, walts - sent from walts@att.net - not walts@dorsai.org 
 - which is having outgoing email problems - incomming is okay
 - so please reply to walts@dorsai.org
 

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