<html><head></head><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:16px"><div id="yui_3_16_0_ym19_1_1499701380810_5563"><br></div><div id="yui_3_16_0_ym19_1_1499701380810_5563" dir="ltr">PSUBS is incorporated as a private LLC in New Hampshire. We have an IRS EIN number and pay taxes. Conversion to a nonprofit and governed by a board is something I have talked about for some time, something I have looked into, and something that does need to happen sooner rather than later. However, conversion to a nonprofit is more complex than filing singly or between a couple of people. Both state and federal governments require more in-depth articles of incorporation and by-laws for nonprofit than profit LLC's. Additionally, most states require a governing board of 3-5 people to operate the non-profit, and that has been the biggest issue...finding five people that are as serious about the business side of PSUBS as they are about consuming the content of PSUBS.</div><div id="yui_3_16_0_ym19_1_1499701380810_5563" dir="ltr"><br></div><div id="yui_3_16_0_ym19_1_1499701380810_5563" dir="ltr">This is a good reminder that I need to get the ball rolling on this again. PSUBS is 21 years old this year and I'm hoping we can set it up for another 50.</div><div id="yui_3_16_0_ym19_1_1499701380810_5563" dir="ltr"><br></div><div id="yui_3_16_0_ym19_1_1499701380810_5563" dir="ltr">Jon</div></div></body></html>