Gentoo Archives: gentoo-nfp

From: "William L. Thomson Jr." <wlt@××××××××××××××××.com>
To: gentoo-nfp@l.g.o
Subject: Re: [gentoo-nfp] Tax return and accounting discrepancies
Date: Thu, 24 Mar 2011 03:43:27
Message-Id: 1300938191.26094.3.camel@wlt
In Reply to: Re: [gentoo-nfp] Tax return and accounting discrepancies by "William L. Thomson Jr."
On Wed, 2011-03-23 at 23:41 -0400, William L. Thomson Jr. wrote:
> On Wed, 2011-03-23 at 23:34 -0400, Mike Frysinger wrote: > > On Wed, Mar 23, 2011 at 10:02 PM, William L. Thomson Jr. wrote: > > > Its good to have a empty seat filled. But if the person filling it can't > > > get the tasks at hand done. There is not much difference to the seat > > > being empty. :) > > > > there is when the legal requirements are that we have X trustees > > There is no such law or any legal requirement. A company can be a single > person which includes a Corporation in any form, C, S, etc ;)
To elaborate further, the law does not require trustees at all, only officers. Which the current structure of Gentoo has no means or provisions for officers, just trustees. The two are not the same. No company has to have a board. Most all companies have to have at least 1 officer, who can hold all titles. -- William L. Thomson Jr. Obsidian-Studios, Inc.