2006/11/8, amachu techie <[EMAIL PROTECTED]>: > > The issue with money is then you need a legal structure in place, > > which is different for every single jurisdiction and a major pain. Minimalist structures often suffice. In Belgium and many other countries, it is possible to open a bank account for an informal organisation without too much of a formal structure in place. You just need to clearly convince the bank of a few things with a small written statement: * this is a non-profit, not a money laundery * there is at least some process in place to decide who gets to be in charge of the money * the people with access to the bank account are not likely to change a lot
> Can we have a trust created then? Like opening a Bank account suiting to our > own rules and regulations and asking members to transfer money whenever a > need arise! Rule number one when running a small volunteer team like an ubuntu locoteam: Keep it simple! Rules and regulations only when absolutely needed. Action, consensus and moral authority wherever possible. > May be only thing we might need is the approval of Canonical/ Ubuntu to open > an Banking account in the name of each LoCo Team (e.g: Ubuntu Tamil Team). You don't need that. Mark -- Mark Van den Borre Noormannenstraat 113 3000 Leuven, België +32 486 961726 -- loco-contacts mailing list [email protected] https://lists.ubuntu.com/mailman/listinfo/loco-contacts
