The IRS decided to not allow Skyaid to be a nonprofit - early  Dec 2001
 
We are now going thru the process of converting Skyaid to being a for profit corporation
       with possible nonprofit research and development activities
 
Issues to be covered include:
 
Perhaps regroup and reapply as a mutual benefit association.

Potential partnerships with
   Emergency Medical organizations - gov. (911), ambulance providers,  ( have talked with the top two US corporations)
   Watch manufacturer (have had initial conversations with 3 companies)
   Meteor-burst communications company (have talked with the only two US companies)
   Life insurance company (started communications with State Farm)

Investments - short and long term - stock, etc.
   Individual, corporate, US, foreign
  
Consequences of possible non-US incorporation
     Tax
     Risk felt by partners/investors/subscribers of a non US entity
        decreased visibility, currency exchange rates, political uncertainty, etc.   
 
Donations
     No tax break for US entities
     What will this mean for possible Microsoft Anti-piracy donations?
 
Subscribers who want to have Life Warranty (LifeWatch and very fast emergency medical transport)
    It appears that the Life Warranty would increase by 2X the chance of surviving a life-threatening emergency

Research and Development - nonprofit? - candidate activities @ approx $1 million each
    LifeWatch
    Cooling for possible stroke victims during emergency medical transport
    CAT scan for possible stroke victims during emergency medical transport

History:

The IRS wanted to eliminate the possibility that anyone could personally profit.
 
Here are the Oct 2001 answers to the IRS questions
 
Here are the Nov 2001 IRS Questions:
 
Here is why Skyaid should be a nonprofit
 
Here is the Skyaid nonprofit web page
 
Here is the three phase plan for Skycar development