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Leaving active participation Sept 30

 
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dannv ()
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PostPosted: Sat Sep 02, 2017 5:41 pm    Post subject: Leaving active participation Sept 30 Reply with quote

All,

I wanted to wish you all well. I am leaving active participation with the RL on Sept 30th. The financial risk involved with participation is beyond what I am willing to accept. (My wife and I have started a non-profit over the last few months and the list below is based on his advice to us.)

The RL needs the following:

    At least a 3 member board of directors (with corporate officers - president, secretary, treasurer)

    Errors and omissions insurance for officers (at all levels of the RL) and for directors

    General liability insurance to cover volunteers ad the RL itself if something goes wrong at a troop


Without the first item, the IRS will eventually question whether the RL is truly a non-profit or is set up to benefit a specific person or two. Without the insurance, every officer risks their personal finances and members who troop risk theirs as well if anything goes wrong.

I wish you all well and hope you continue on with no issues, but I can't take that financial and legal risk.
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dbuck (david buckley)
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PostPosted: Sun Sep 03, 2017 6:19 pm    Post subject: Reply with quote

Try looking up the IRS rules regarding a 501c7, social club.
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GotWookiee (Matt Pfingsten)
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PostPosted: Sun Sep 03, 2017 8:41 pm    Post subject: Reply with quote

The 501st and Rebel Legions have been in existence for twenty years. Both have consulted lawyers on matters of liability multiple times during that time. Would you care to elaborate on what you've learned that everyone else missed?
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dannv ()
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Joined: 08 Oct 2013
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Location: Reno, NV
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PostPosted: Mon Sep 04, 2017 8:52 am    Post subject: Reply with quote

GotWookiee wrote:
The 501st and Rebel Legions have been in existence for twenty years. Both have consulted lawyers on matters of liability multiple times during that time. Would you care to elaborate on what you've learned that everyone else missed?


While setting up a non-profit this summer, we consulted with an attorney who specializes in non-profits. Way before thinking about what type of non-profit it should be, he was specific about the risks involved, what my state requires (which isn't very much at all) and what the IRS actually wants to see (which may or may not actually match what they have in writing. However, you want to keep them happy, so you give them what they want.)

For me, it's not worth the risk. If it is to you, great, go for it. I'll hope nothing ever happens to make you or anyone else regret doing so.
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Yub-Yub ()
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PostPosted: Mon Sep 04, 2017 2:43 pm    Post subject: Reply with quote

Was the information you were receiving about 501C(7)in particular? Because that's what Rebel Legion and the 501st are .
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dbuck (david buckley)
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PostPosted: Mon Sep 04, 2017 5:30 pm    Post subject: Reply with quote

A 501c7 is not a legal entity. There is no financial risk from being a member unless you yourself create one. The requirements you list as being worrisome do not apply to a social club.
A little research goes a long way.
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JohnstonMR (Michael Johnston)
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PostPosted: Mon Sep 11, 2017 7:59 pm    Post subject: Reply with quote

dannv wrote:
GotWookiee wrote:
The 501st and Rebel Legions have been in existence for twenty years. Both have consulted lawyers on matters of liability multiple times during that time. Would you care to elaborate on what you've learned that everyone else missed?


While setting up a non-profit this summer, we consulted with an attorney who specializes in non-profits. Way before thinking about what type of non-profit it should be, he was specific about the risks involved, what my state requires (which isn't very much at all) and what the IRS actually wants to see (which may or may not actually match what they have in writing. However, you want to keep them happy, so you give them what they want.)

For me, it's not worth the risk. If it is to you, great, go for it. I'll hope nothing ever happens to make you or anyone else regret doing so.


With respect, this doesn't answer the question asked in any way. Without knowing what specific information you're talking about, it reads as if you got information for one type of non-proft and applied that information to the RL, which may or may not actually apply.

For me, anything I can think of that can go wrong at a troop is probably more than adequately covered by my insurance. I'm lucky enough to have pretty amazing insurance, so if I get hurt, I'm taken care of.
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Ladyghost4459 (Denise Cowles)



Joined: 07 Aug 2008
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PostPosted: Sun Nov 05, 2017 2:45 pm    Post subject: Reply with quote

Legion membership is not everybody's cup of tea. If you feel not the place for you, the group wishes you well and will probably welcome you back in the future if you choose to return. Most of the RL and 501 are protected within the guidelines of their respective charters. Lucasfilm and Disney have extensively scrutinized both groups and have been very supportive of both groups over 20 years now. It is expensive to troop and it requires you take on your own liabilities, transportation, maintenance of your costume and many other expenses. But, socially, we all enjoy what we do and bear no hard feelings towards someone who chooses to call it quits. The rewards and the benefits are different for everyone. The risks are negligible and as long as everyone acts in good faith and plays nice with others, it can be pretty fun. There are plenty of alarmist out there who would take away the joy of participation. Sorry it didn't work out for you.
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