I just checked with the attorney that is assisting us in setting this up (for free, by the way) regarding the requirement to disburse any profit by the end of the year. He tells me this is not required. The only requirement as a non-profit is to disburse money in the bank to other non-profits in the event of a dissolution of the corporation. The money cannot go to individuals. At the price structure we are talking about, there will not be any money anyway. We will probabley have to depend on donations to cover the deficit for some time, but I think some will be willing to do that.
I think the idea with the newer examiners is to help bring them up to our level, thereby increasing their understanding of the risks involved and the fees required.
Hope all is going well down there in Texas, Doug
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