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 Post Posted: Mon Dec 24, 2018 8:16 am 
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Joined: Mon Apr 10, 2017 12:13 pm
Posts: 19
The Kingdom has been working towards becoming a 501c3 Corporation for a long time, and we are in a position now to finalize the process. The cost required to do so is however outside of the range of the discretionary spending of the Monarch and Prime Minister in a month, but more importantly it is simply a large amount of money relative to our Kingdom funds, and thus should be brought to a vote to see how the Kingdom feels.

The cost to Kingdom for incorporating as a 501c3 (Lawyer, filing, etc.) is $2,500 USD. This is a one-time fee and there are a great many benefits to this filing status, including but not limited to:
⦁ Exemption from requirement to pay taxes each year (losing kingdom funds)
⦁ Ability for donations to be tax deductible (forms would be available, support the kingdom and get a tax benefit!)
⦁ Less red-tape when organizing events/fundraisers
⦁ Makes it easier for EH to do charity/good work as an organization

Proposal - Authorize $2500 USD for payment of 501c3 filing for Kingdom.

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