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Non-Profit Status for a Community Website

What are the benefits and issues of making a forum a non-profit?

     
3:07 pm on Oct 15, 2004 (gmt 0)

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joined:May 5, 2003
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I run a fairly popular community site. It has about 20 moderators who contribute their time for free.

I don't make enough off advertising to make it worth my time monitoring the forum for libellous posts but I also don't want the users to lose a valuable resource.

Does anyone have any experience of going non-profit with a forum site?

The idea would be to provide free hosting and hand ownership over to a new non-profit company run by the present moderators.

Thanks,

Chris

3:21 pm on Oct 15, 2004 (gmt 0)

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WebmasterWorld Senior Member 10+ Year Member

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You'll want to mention where you are, since laws governing non-profit entities vary from country to country. Here (be) it involves a hefty sort of down-payment.
3:24 pm on Oct 15, 2004 (gmt 0)

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joined:May 5, 2003
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I'm in the UK and the site is a .co.uk