On Wed, 2008-08-13 at 17:20 -0700, Blackace wrote:
> Also remember, when a corp opens a bank account (or makes really any
> other decision about the corp), the officers of the corp, which I gather
> is the trustees at this point, need to meet and vote on a resolution to
> open the account, and this needs to be documented in the books of the
> corp...yes, a lot of people skip this step, but skipping it's generally
> not a good idea, it's easy enough to meet and say "let's open an account
> with XYZ", "second", etc., and the president could just print out the
> IRC log, sign it, and send it to the secretary for their signature and
> to store it with the rest of the records.
To address the organizational structure and relationship between
Trustees and Officers as I see it. Again trustees decide, officers act,
and cannot decide or act without trustees decision.
That is trustees meet, vote, and decide on a course of action. Which is
then passed down to the officers to enact. The officers will only act to
the will of the trustees, and/or their intended roles. Secretary
recording say meeting logs, providing summaries, etc.
Right now this is convoluted because of the dual role aspect. But we are
still re-creating and fixing the broken foundation.
William L. Thomson Jr.