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On Sat, Jul 14, 2018 at 6:02 AM Roy Bamford <neddyseagoon@g.o> wrote: |
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> |
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> Whatever the board decide to do they have fudicary duty to get value |
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> for money for the activities that they fund. |
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> That implies that if a fix costs $x, that's what it costs, regardless of the |
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> long term outlook for the Foundation. |
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> The fudicary duty also implies optimising (not maximising) any remaining |
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> funds to pass on to the Foundations successor. |
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> |
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|
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++ in general. |
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When it comes to following the law, you try to optimize what you spend |
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while still following the law. You can always cut corners and spend |
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less, but that simply isn't acceptable. |
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You can never compare the costs of a non-compliant process with a |
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compliant process. It will always be cheaper to just not pay your |
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taxes. You can certainly complain different approaches and their |
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costs if they both yield a compliant outcome. As I suggested the |
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optimal approach might depend on whether you expect the process to be |
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ongoing vs point-in-time. |
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Also, if your goal is to move to an umbrella, it might not hurt to get |
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their recommendations and expectations up-front. Then you can ensure |
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that your solution delivers something that the umbrella will accept. |
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If you're on the fence between multiple umbrellas, or plan to use |
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multiple umbrellas, then you need to ensure you meet all their |
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requirements. |
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-- |
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Rich |