[olug-colo] The Legal Mumbo-Jumbo
dclough at gmail.com
Sat Apr 4 00:44:17 EDT 2009
Yeah, I thought about that statement only after I hit submit. ;)
Nonprofit is obviously the best choice, but there's still the matter of what kind of entity to create. LLC with managers or Corporation with Directors?
To: Dan Clough
To: Olug Community colo project
Subject: Re: [olug-colo] The Legal Mumbo-Jumbo
Sent: Apr 3, 2009 11:39 PM
On Friday 03 April 2009 08:08:17 pm Dan Clough wrote:
> Yes, and that's why I'm unsure that a nonprofit is really the best
> direction to go with this. If this gets to the point where we need
> full-time people to manage it, nonprofit status might complicate matters.
Pretty sure non-profit only means there's no money left in the business name.
Eg, people who do work can still get paid.
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