Editing Talk:CouchSurfing "conversion" issues (section)

==Corporation==
The page is incorrect from the very beginning when it says CouchSurfing was created as a non-profit entity.  I didn't make any changes yet because it has been translated into many other languages as well, but let me clarify from what I know.

Casey Felton the founder of CS and did incorporate the company in New Hampshire.  The reason for incorporation primarily for a small business is primarily to limit the liability of the owners in case of something bad happening.  If someone gets hurt and blames Couchsurfing, you can blame the company, but the owners are considered separate from the company and it protects their personal money and property.  This means CouchSurfing HAS ALWAYS BEEN A CORPORATION!

Now Casey had submitted a request for non-profit 501(c)(3) status meaning that the corporation is considered a public benefit and different tax rules would apply.  That pretty much is all 501(c)(3) means because it can still make a profit even through it is not allowed to pay dividends and distribute said profits.  But the IRS decided that Couchsurfing did not fit any existing category for a non-profit and the application was denied.  Again, COUCHSURFING WAS A CORPORATION AND NEVER A NON-PROFIT.
[[User:Headtrip|Headtrip]] ([[User talk:Headtrip|talk]]) 14:54, 27 February 2013 (CET)