- 5 - Fondel, who does not draw a salary, performs all of the job training and job placement activities of petitioner and the LLC. At the time of the filing of the application for tax-exempt treatment, petitioner had referred about 30 people to temporary personnel agencies where they were able to obtain temporary employment. Fondel also uses petitioner and the LLC to market his own services as a temporary service worker. Petitioner plans to create another limited liability company to publish a newsletter listing temporary employment agencies in the area and their current needs for workers. The purpose of this activity will be for referring clients when petitioner is unable to find work for them. The primary means of support for petitioner will be from payments from clients who become members of the LLC or who create their own limited liability companies. If there is a net profit after the expenses of petitioner and the LLC are paid, it will be distributed to Fondel. A payment of 10 percent of a member’s gross income earned from jobs obtained through petitioner is suggested. Petitioner will also solicit donations from nonprofit or private foundations and local businesses that have benefited from the services of petitioner. In 1995, petitioner received $1,000 from the Regis Retirement Plan, Inc., a company that petitioner helped to find a permanent employee. Petitioner willPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 Next
Last modified: May 25, 2011