On Wed, Mar 7, 2012 at 5:04 PM, David Greaves <[email protected]> wrote:
> Recently we've been looking at what we can do to setup some kind of "non > profit" > structure around Mer. > > I reported to the Mer Advisory Board on this last friday. > > In the UK there are numerous options : charities, trusts, companies etc > The most appropriate initial setup (minimising regulatory concerns) is an > Unincorporated Association. This is not a discrete legal entity and cannot > enter > into contracts. > > It has no external constraints (such as regulatory, audits or an > accountant), > can setup bank accounts and can transform later into a Charitable Trust or > the > new Charitable Incorporated Organisation (CIO) or other legal entity. > > I can't comment on UK options (I've only looked at US), and my comments can be disregarded anyway given my minimal contact with Mer, but it seems a bit risky to have money run through an account with no legality. Have you thought about utilizing the services offered by SPI or something similar? If so, what are the issues that led you away from such an option? Rob
