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Alan Roehrich · 01-23-2011, 01:12 PM

I wouldn't be too sure that you just pay fines when you operate a 501(c) as a for profit entertainment corporation. There may be other significant penalties and sanctions. If the violations are serious enough, and flagrant, the board can be removed completely.

01-23-2011, 01:12 PM	#11
Alan Roehrich Veteran Member Join Date: May 2006 Location: Murfreesboro TN Posts: 5,105 Likes: 1,564 Liked 1,789 Times in 408 Posts	Re: The IRS and NHRA, you gotta see this. I wouldn't be too sure that you just pay fines when you operate a 501(c) as a for profit entertainment corporation. There may be other significant penalties and sanctions. If the violations are serious enough, and flagrant, the board can be removed completely. __________________ Alan Roehrich 212A G/S