Talk:Minnesota RollerGirls

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[edit] Not for profit?

How can you be an LLC and a not for profit at the same time? I think it's probably a mistake on the page that they are not for profit. Just because an organization isn't making a profit or isn't making much of a profit, or even donates all of their profits to charity, doesn't make them a 501(c) organization. Fredsmith2 00:38, 2 October 2007 (UTC)

Which is why I didn't say it was a non-profit organization (which is usually what people say when the mean 501(c). Its business classification is LLC, but it gives away all its profits to charity. How else would you describe it? --Marumari 21:08, 24 October 2007 (UTC)

I know of several LLCs that are not-for-profit. There's no discrepancy there.--Appraiser 21:48, 24 October 2007 (UTC)

Technically it's a for profit LLC that currently gives away all of its profits to charity. That's much different than a non-profit or not-for-profit. Fredsmith2 (talk) 20:58, 26 February 2008 (UTC)

Technically "non profit" and "not for profit" are two different things. Those are IRS links. A non-profit is a type of charity, a reserved word. Not for profit is just a way of saying one creates something and doesn't intend to make a profit which fits here. -Susanlesch (talk) 20:47, 27 February 2008 (UTC)

From the same link, "The limit on not-for-profit losses applies to individuals, partnerships, estates, trusts, and S corporations. It does not apply to corporations other than S corporations." That would seem to indicate that LLC's can't operate as IRS-recognized not-for-profits. And, as I said before, just becuase they currently donate their profits to charity doesn't make them either a nonprofit or a not-for-profit. Does the corporation charter state that all profits are always going to be donated to charity? That skaters will never get paid? If so we could quote that, but I think it's more acurate to talk about charities that they donate to, rather than trying to make the LLC seem like something it's probably not. Fredsmith2 (talk) 11:40, 3 March 2008 (UTC)

I'm going to remove the references to this being a not-for-profit, a non-profit, or a charity. Please only add back if it get sourced. Claiming they're non-profit, when they're not legally registered as such, could get this organization in trouble. So, this classifies as controversial, so I'm going to remove it immediately.

Please note that even though it's not classified as a charitable organization, it is an organization that is very supportive of charitable organizations, and individuals that make up this organization are very charitable. Read through http://www.mnrollergirls.com/about/charities.php for info on all the cool stuff they do. Fredsmith2 (talk) 19:50, 11 March 2008 (UTC)