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On Wed, 2008-08-13 at 16:57 -0400, William L. Thomson Jr. wrote: |
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> On Wed, 2008-08-13 at 17:28 +0000, Ferris McCormick wrote: |
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> > |
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> > I have no idea what Capital One will want --- William does, though. |
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> |
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> No requirements, one or more and they can be officers or trustees. They |
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> did not seem to care. That might change when we actually go to open an |
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> account. But as it stands now. We specify who we want on file with |
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> signature/authorization authority. It does not have to be all officers. |
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|
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But it should be, putting all of Gentoo's financial assets under the |
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control of one or two people increases the odds of problems...say one |
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gets in a car wreck and one...I don't know...buys it in a terrible soft |
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serve machine accident in the dev lounge... :) |
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Also remember, when a corp opens a bank account (or makes really any |
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other decision about the corp), the officers of the corp, which I gather |
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is the trustees at this point, need to meet and vote on a resolution to |
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open the account, and this needs to be documented in the books of the |
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corp...yes, a lot of people skip this step, but skipping it's generally |
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not a good idea, it's easy enough to meet and say "let's open an account |
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with XYZ", "second", etc., and the president could just print out the |
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IRC log, sign it, and send it to the secretary for their signature and |
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to store it with the rest of the records. |
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|
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Not maintaining good records could easily lead to NFP status being |
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stripped or the corporate entity being forcibly dissolved, not worth the |
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risk. |