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<p>[QUOTE=&quot;Conder101, post: 1800262, member: 66&quot;]Or you may not want to go the tax exempt route.&nbsp; We just discussed that at our club this evening.&nbsp; We accidentally let ours lapse and we have been looking into getting it back again.&nbsp; We found that we had to file with the state, a $35 filing fee, get an EIN from the Feds, free, and file for the exemption with the IRS, a $795 filing fee for the initial filing and then $300 annually each year afterwards to maintain it. </p><p><br /></p><p>It&#039;s cheaper to pay the taxes on the clubs earnings until the club starts earning $15 - 20K per year.&nbsp; (Most small clubs operate on $3 -4K per year.)[/QUOTE]</p><p><br /></p>

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