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On Wed, 2008-08-13 at 17:20 -0700, Blackace wrote: |
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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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I have no problem with more than one. Just not something that is a |
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requirement by Capital One, at this time. Compared to others that |
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require all. It's not a big deal really if they are US Citizens. But if |
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they are not, then it gets a bit complicated. |
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|
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We can put all Trustees, and VP, President, and Treasure on the account |
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as far as I am concerned. I don't really care, it's just the |
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international aspect. |
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|
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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, |
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Yes, most trustees ( not including me ) are serving dual roles, trustees |
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and officers. |
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> 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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That's fine we are not actually opening the account at this time. But we |
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have met on the topic of bank account and did vote to authorize action. |
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If we need to be so fine as to vote on every detail. I am sure we will, |
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but at this time. There isn't to many options. So voting and any no's or |
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complications there. Wouldn't do to much good ;) |
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But we do vote, meeting logs and summaries should reflect that. |
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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. |
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Fully aware and there are other issues there. Tons of work still to be |
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done like financial reporting and accounting. Which is still part of |
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federal requirements. Much less what we have done on a state level so |
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far. State doesn't really determine NFP status, feds do :) |
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Failure to maintain records on voting this bank or that. Will hardly do |
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much harm if any to us. Considering what else remains to be done and |
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possible issues there. |
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-- |
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William L. Thomson Jr. |
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amd64/Java/Trustees |
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Gentoo Foundation |