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@Velocio
We were doing terrible, in that until January/February we'd always been in the red.
SJS paid up sponsorship for the first 6 months, and that has put us in the black (slightly).
And donations are now running somewhere around the 70% of costs mark (we reduced costs in December, and donations increased in January).
So... we're now in the black, but only just. And so long as the sponsorship continues we will stay in the black. But, if sponsorship ends we'll slip into the red.
The company is good if it does actually make money as this will isolate it from having to be taxed against my personal rate (higher rate tax = 40%). The company as a whole should make money (but not much because it is me running it) as I'm actually going to be selling SharePoint web parts on the side.
The whole point of the company is really to help me finish my degree and to isolate me from LFGSS finances and LFGSS from my tax rate.
The company is going to register as a Microsoft ISV, and then register for BizSpark, and then flog SharePoint web parts. This pays for a server that I need to finish my degree and gives me the software I need to finish the degree and to make the web parts.
LFGSS just piggy backs on this to ensure that if it stays in the black it's not taxed at my rate, and that if it slips in the red then it's subsidised by the SharePoint web parts so doesn't put me personally back in debt (at one point the LFGSS debt sat on my credit card with me covering the interest).
It basically tidies everything up, and hopefully keeps it all legit whilst helping to get me through my thesis project.
The SharePoint stuff is a piece of piss, I'll just do enough to cover costs as I'm busy enough already.