10:04 a.m.
Hello A.J.,
On 11.06.2018 at 15:20 wrote A.J. Santos wrote:
One possible solution to the tax issue is to incorporate a LLC. The
two
benefits of operating under a LLC are: (1) Federal/State taxes could be
reported under an entity and (2) liability is limited by the amount of
assets held by the LLC (think possible legal risks of slip fall claims,
exploding badges). The cost of incorporating an LLC in Nevada would be
about $700 if a site like https://www.legalzoom.com is used.
I know some might assert this is against decentralization! But, there
should be a distinction made. The scope of the LLC would be limited only
to management and promotion of the Monero Defcon event and will have
nothing to do with code development.
Thoughts?
This is fine, and if a few people want to implement it then I'll give
the Defcon administration contact information, in order to communicate
the arrangement with them. In the best case they will agree, and in the
worst case there will be $700 loss and some hours time as well. I have
no idea, just that Defcon has so far said 'there is no workaround to
paying sales tax at Defcon.'
Cheers,
Michael