Legal Opinion Needed: Non-profit Group Holding A Convention

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John Thomas8
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Joined: Fri Aug 07, 2009 7:44 am

Legal Opinion Needed: Non-profit Group Holding A Convention

#1

Post by John Thomas8 » Tue Nov 15, 2016 8:06 pm

I gots a legal question of some insignificance.

I'm a miniature wargamer, and me and some folks are looking to hold a convention, i.e.: rent a hall, charge an entry fee, maybe allow a "flea market" of individuals selling wares, licensed vendors selling pre-packaged items, and maybe a prize raffle. The "hall" is typically hotel conference room areas so I think the liability is covered in the space rental cost, but I was wondering if we needed to LLC this group or something just to cover our behinds, for tax purposes or the like.

Location, since laws are different everywhere: Virginia, North or South Carolina.

Any factually based opinions would be greatly appreciated.

TIA for any help.

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Fortinbras
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Re: Legal Opinion Needed: Non-profit Group Holding A Convention

#2

Post by Fortinbras » Tue Nov 15, 2016 9:16 pm

Incorporation is a good idea for any group of continuing activities and growing size. It means that liabilities, such as by injuries, will not go into the pockets of every member but be limited to the holding of the corporation (and for that, the corporation should have some adequate financial accounts). It is also one means of assuring perpetuation of the group, rather than enabling it to become to personal plaything of any one or few members.

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Sterngard Friegen
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Location: Over the drawbridge

Re: Legal Opinion Needed: Non-profit Group Holding A Convention

#3

Post by Sterngard Friegen » Tue Nov 15, 2016 9:23 pm

Insurance will help. It may be easier to obtain for an entity.

John Thomas8
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Joined: Fri Aug 07, 2009 7:44 am

Re: Legal Opinion Needed: Non-profit Group Holding A Convention

#4

Post by John Thomas8 » Tue Nov 15, 2016 9:59 pm

Thank you for that.

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