Rob Cozens <[EMAIL PROTECTED]> wrote:
>A colleague of mine is an accountant that has
>recently incorporated his business. He knows all of
>the ins and outs of the process. And he would be
>willing to help me if I asked him.
Alain, et al:
I also formed a for-profit corporation this year. But, at least in
California, non-profit corporations are governed by a different set of
laws; so I'm not sure how applicable the experience is. I am on the Board
of Directors of a non-profit corporation, and might be able to get some
insight from original baord members or the foundation's account or attorney.
Eric: again, _if we can actually get the help, ok, but its probably simply
added complexity. The cost may also be prohibitive.
RC: For me incorporating was a must because (a) I will be marketing a product
worldwide (or potentially more dangerous...through distributors I may have
little control over) so I must limit liability, and (b) it will be easier
for me to liquidate or generate equity income if I wish to in the future.
I don't see either (a) or (b) as critical to this project: if we are
non-profit and our product is free and the license disclaims any liability,
potential liability is nil on a practical basis. But "practically nil" is not
the same as "nonexistent".
Eric: Exactly, we are not planning to sell the business or even the wares,
distribution will be via the internet, and the product is not dangerous.
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