Gentoo Archives: gentoo-nfp

From: Kumba <kumba@g.o>
To: "William L. Thomson Jr." <wltjr@g.o>
Cc: gentoo-nfp <gentoo-nfp@l.g.o>
Subject: Re: [gentoo-nfp] Gentoo Foundation bank account
Date: Sat, 02 Aug 2008 20:15:49
Message-Id: 4894C06E.7020402@gentoo.org
In Reply to: Re: [gentoo-nfp] Gentoo Foundation bank account by "William L. Thomson Jr."
1 William L. Thomson Jr. wrote:
2 >
3 > We can give them a shot, but most banks will likely need to operate in
4 > the state we are registered in. You can't conduct business in a state,
5 > without a business license and other things. I believe that applies to a
6 > bank as well. Since a bank would be opening an account for a New Mexico
7 > entity. That would constitute them doing business in New Mexico.
8 >
9 > It's not the same as a customer being remote, and say the account being
10 > created and existing in Maryland. Otherwise my local bank, or any bank
11 > really could choose to open a remote account.
12 >
13 > That said it can't hurt to give them a call. But I doubt we can proceed
14 > with them because of the above.
15
16 Yeah, I figure there are probably gotchas involved. My company is registered
17 next door in VA, though, so they probably cut us some slack. I don't know if we
18 have a specific business license for MD (though we operate a couple of lockboxes
19 in MD). But I figured there was no harm in naming them. Ya never know.
20
21
22 --
23 Joshua Kinard
24 Gentoo/MIPS
25 kumba@g.o
26
27 "The past tempts us, the present confuses us, the future frightens us. And our
28 lives slip away, moment by moment, lost in that vast, terrible in-between."
29
30 --Emperor Turhan, Centauri Republic