Hi Jim -

Yes and yes to your questions.

I don't have answers. but sounds like you're in good hands for that. Do have questions, which I hope you can pass back answers to when they are forthcoming:

A portion of the AMA club charter fee is for insurance. Did you get a dollar figure on that, so as to know how much franchise tax is due, if any?

Re taxes on membership fees, is the state taxing your club on gross income regardless of expenses?

Abel