Hi, On 2006-02-02, at 11:15 , Daniel Carrera wrote:
Ian Lynch wrote:That's fine, but if there is likely to be any delay, why not just set up a bank account and company limited by guarantee for marketing? It can bedone tomorrow - just have the Lead and Co-lead as the CEO and companysecretary and as signatories to a bank account and get started. When the main decisions are clear about a foundation there is no reason why thecompany can not be dissolved after transferring its assets to the foundation.I'll point out that the German and French NL teams have both gone that route (more or less). There's no reason why the MP leads shouldn't have the authority to setup a bank account somewhere to handle money. The MP lead is in Australia and the co-lead in the UK. Both countries have a the concept of a company limited by guarantee. So either one could setup one such.
Yes... more or less... Really the only problem seen with having multiple funding organizations is coordination for major events, such as OOoCon and the like. If Team OOo handles funds for that, then, yes, it makes sense to have multiple nonprofis--and it's what I've been encouraging in various places (not that that's relevant). What is wanted is tax deductibility.
[snip]
The one advantage I see to the US non-profit is that US companies get tax-free donations. So here's an idea: Sun transfers the ownership of the website to this non-profit, and instead of paying for it, Sun makes a regular donation to the nonprofit to cover that cost. Split the tax break between Sun and the non-profit, so Sun saves money and the non-profit has some money left over to spend on marketing.
We've discussed this at/in various forums and it's an interesting idea. I don't think Sun is interested in pursuing this right now, however, but it's something to think about.....
best, louis
Cheers,
Daniel.
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