Not Ranked
I definately agree with Joe. We must do this to limit our individual liability. We also should have some kind of insurance for general liability for non-speed events. We have been insured during our speed events, just for the actual event date.
This is a step towards getting recognized as a non-profit corporation by the IRS also. There is no Florida state tax.
We have the money now to get this done and I don't think we should hesitate. For incorporation, I suggest we use Joe's home address. This can be changed later, but at least he owns his property and it is a good safe address for the near future.
Unless we get negative comments, I want to get this done prior to the annual meeting in April.
Jerry Rowley
President-DSCC
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