12:42 p.m.
Hello list,
There have been some ideas recently floated relating to avoiding
sales tax in our village. There can be no required exchange of
value in our village without recording as a sale and paying the
state sales tax.
Selling at private areas like the party is not part of
this stated village policy (made by Defcon not us.)
The discussion we still need to have in meetings is how to record,
charge, and advertise that sales tax is being collected. This might
be a problem with cryptocurrency sales for example, so let's support
our treasurers by seeking and sharing advice on the topic.
Cheers,
Michael
--
Michael Schloh von Bennewitz
Software Development Engineer
Europalab Networks R&D, Munich
Office: +49(89)44239885 UTC+2
Mobile: Same as 'Office'
Web: http://michael.schloh.com/
1:20 p.m.
Hello all,
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?
ajs
On 06/11/2018 03:42 PM, Michael Schloh von Bennewitz wrote:
Hello list,
There have been some ideas recently floated relating to avoiding
sales tax in our village. There can be no required exchange of
value in our village without recording as a sale and paying the
state sales tax.
Selling at private areas like the party is not part of
this stated village policy (made by Defcon not us.)
The discussion we still need to have in meetings is how to record,
charge, and advertise that sales tax is being collected. This might
be a problem with cryptocurrency sales for example, so let's support
our treasurers by seeking and sharing advice on the topic.
Cheers,
Michael
2:04 p.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
3:03 a.m.
Who discussed a workaround to paying taxes at Defcon? The only related item
I am aware of is possibly having MAGIC sell many of the educational
materials, since it is working to be a 501(c)(3) and has limited liability.
On Mon, Jun 11, 2018 at 9:04 AM Michael Schloh von Bennewitz <
michael(a)getmonero.org> wrote:
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
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To unsubscribe send an email to monero-defcon-leave(a)lists.getmonero.org
8:05 a.m.
Hello Justin,
On 12.06.2018 at 05:03 Justin Ehrenhofer wrote:
Who discussed a workaround to paying taxes at Defcon? The only
related item
I am aware of is possibly having MAGIC sell many of the educational
materials, since it is working to be a 501(c)(3) and has limited liability.
It's possibly my impression is wrong, that there is research to avoid
sales tax. I'm quite poorly informed about 501(c)(3) or similar things,
and what they mean. It's very good that more knowledgeable people are
working on that, thanks for the help with it.
Cheers,
Michael
2:45 p.m.
Hi everyone, Thanks for including me. Got mixed up with the time zones. Let me know if you
need anything. I'm here to help. Tonya u/unaidedsage
Get Outlook for Android<https://aka.ms/ghei36>
________________________________
From: Michael Schloh von Bennewitz <michael(a)getmonero.org>
Sent: Tuesday, June 12, 2018 4:05:42 AM
To: Justin Ehrenhofer
Cc: monero-defcon(a)lists.getmonero.org
Subject: [Monero-defcon] Re: Sales tax in Defcon areas
Hello Justin,
On 12.06.2018 at 05:03 Justin Ehrenhofer wrote:
Who discussed a workaround to paying taxes at Defcon? The only
related item
I am aware of is possibly having MAGIC sell many of the educational
materials, since it is working to be a 501(c)(3) and has limited liability.
It's possibly my impression is wrong, that there is research to avoid
sales tax. I'm quite poorly informed about 501(c)(3) or similar things,
and what they mean. It's very good that more knowledgeable people are
working on that, thanks for the help with it.
Cheers,
Michael
_______________________________________________
Monero-defcon mailing list -- monero-defcon(a)lists.getmonero.org
To unsubscribe send an email to monero-defcon-leave(a)lists.getmonero.org
9:22 a.m.
Hi everyone, Thanks for including me. I happened to be on the plane when you held the next
meeting. Sorry for that.
I live in Beijing and my specialty is cryptography as well as binary security. If anything
I can help, please reach me without hesitation.
Dr. Zhiniang Peng
Qihoo 360 core security
From: Michael Schloh von Bennewitz <michael(a)getmonero.org>
Sent: Tuesday, June 12, 2018 4:05:42 AM
To: Justin Ehrenhofer
Cc: monero-defcon(a)lists.getmonero.org
Subject: [Monero-defcon] Re: Sales tax in Defcon areas
Hello Justin,
On 12.06.2018 at 05:03 Justin Ehrenhofer wrote:
Who discussed a workaround to paying taxes at Defcon? The only
related item
I am aware of is possibly having MAGIC sell many of the educational
materials, since it is working to be a 501(c)(3) and has limited liability.
It's possibly my impression is wrong, that there is research to avoid
sales tax. I'm quite poorly informed about 501(c)(3) or similar things,
and what they mean. It's very good that more knowledgeable people are
working on that, thanks for the help with it.
Cheers,
Michael
_______________________________________________
Monero-defcon mailing list -- monero-defcon(a)lists.getmonero.org
To unsubscribe send an email to monero-defcon-leave(a)lists.getmonero.org
6:19 p.m.
New subject: Fwd: Re: Sales tax in Defcon areas
Forwarded in case of Tiaga email issues.
---------- Forwarded message ----------
From: Zhiniang Peng <246003(a)qq.com Date:
Thu, Jun 14, 2018 at 5:22 AM
Subject: [Monero-defcon] Re: Sales tax in Defcon areas
To: monero-defcon <monero-defcon(a)lists.getmonero.org
Hi everyone, Thanks for including me. I happened to be on the plane when
you held the next meeting. Sorry for that.
I live in Beijing and my specialty is cryptography as well as binary
security. If anything I can help, please reach me without hesitation.
Dr. Zhiniang Peng
Qihoo 360 core security
------------------------------
*From:* Michael Schloh von Bennewitz <michael(a)getmonero.org *Sent:* Tuesday, June 12, 2018 4:05:42 AM
*To:* Justin Ehrenhofer
*Cc:* monero-defcon(a)lists.getmonero.org
*Subject:* [Monero-defcon] Re: Sales tax in Defcon areas
Hello Justin,
On 12.06.2018 at 05:03 Justin Ehrenhofer wrote:
It's possibly my impression is wrong, that there is
research to avoid
sales tax. I'm quite poorly informed about 501(c)(3) or similar things,
and what they mean. It's very good that more knowledgeable people are
working on that, thanks for the help with it.
Cheers,
Michael
_______________________________________________
Monero-defcon mailing list -- monero-defcon(a)lists.getmonero.org
To unsubscribe send an email to monero-defcon-leave(a)lists.getmonero.org
_______________________________________________
Monero-defcon mailing list -- monero-defcon(a)lists.getmonero.org
To unsubscribe send an email to monero-defcon-leave(a)lists.getmonero.org
Who discussed a workaround to paying taxes at Defcon? The only
related
item
I am aware of is possibly having MAGIC sell many of the educational
materials, since it is working to be a 501(c)(3) and has limited
liability.
2500
days inactive
2504
days old
monero-defcon@lists.getmonero.org
7 comments
6 participants
participants (6)
-
A.J. Santos -
Justin Ehrenhofer -
Michael Schloh von Bennewitz -
Sean Coughlin -
Tonya Mead -
Zhiniang Peng