Not to offer pros and cons, but perhaps an explanation:<br><br>A collective describes the internal organizing structure while &quot;non-profit&quot; is a legal definition under IRS code.<br><br>Collective generally refers to worker-run entities where decisions are made by concensus.  As a legal structure, it may not be recognized by the IRS, but is a legitimate form of organizing a business/project with processes and methods of decision making layed out in articles of incorporation, bylaws etc. <br>
<br>Non-profits are legal tax-exempt entities subject to specific rules about money being used to further the mission of the organization as set forth in articles of incorporation.  Nonprofits require a board of directors with officers etc, but you may specify the method of decision making.  501(c)(3) means that your objectives are charitable and educational.<br>
<br>you can be both (collective and nonprofit) at the same time, one or the other or neither.<br><br>josh<br><br><br><br><div class="gmail_quote">On Thu, Mar 18, 2010 at 8:11 AM, Liza Mattana <span dir="ltr">&lt;<a href="mailto:pedals2people@gmail.com">pedals2people@gmail.com</a>&gt;</span> wrote:<br>
<blockquote class="gmail_quote" style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;"><div>Hey,</div>
<div> </div>
<div>Can someone lay out a simple list of pros and cons for each please? Right now we&#39;re a 501c3, with a 5 member board of directors, 2 part time employees, and several committed volunteers. </div>
<div> </div>
<div>We came across some issues with the gambling commission when we were trying to get a fundraiser/raffle together. Basically, we need a 15 member voting-member body that votes on the board, which sounds like a collective to me. I don&#39;t know, maybe it&#39;s not. I&#39;m confused.</div>


<div> </div>
<div>Thanks, </div>
<div>liza<br>-- <br>Liza Mattana<br>president<br><a href="http://www.pedals2people.org" target="_blank">www.pedals2people.org</a><br>Spokane, WA<br></div>
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