[Mesh] Funding and incorporation

[Eddan Katz]

This is great! You guys rock!!!

I've been looking more closely at the Form 1023, and would like to be 
helpful in whatever way makes the most sense.

For those who can't make it to the SELC legal cafés, I've attached a 
mind map PDF of the core of business associations law - which includes 
corporations, agency, and partnership. May not answer all your 
questions, but I think it may be helpful in seeing how these things fit 
together in context. I am going to work on one focused more on the 
co-ops and non-profit structures we've been looking into, but am not 
sure how long it will take me.
I'm also leaving some of the relevant law resources at Sudo Room if 
people want to look up stuff on their own.


sent from eddan.com


> Also, I filed the articles of incorporation in Sacramento today. We
> should be incorporated Monday. I had to specify a specific purpose 
> for
> our group. It can be modified later, but for now it says:
>
> The specific purpose of this corporation is to promote, encourage and
> facilitate the development and maintenance of free and open
> community-operated telecommunications networks. In the context of 
> this
> purpose, the corporation shall engage in scientific, charitable and
> educational activities within the meaning of Section 501(c)(3) of the
> Internal Revenue Code. 
>
> Total cost was $50. Well be able to open a bank account next week.
>
> We now have 90 days of decide on an initial board of directors,
> finalize the bylaws, hold our first board meeting and file a 
> statement
> of information (another $20).
>
> After we make the first deposit into our new bank account (receive 
> our
> first funds) we have 30 days to get an employer identification number
> and file an initial registration form (another $25).
>
> After that, we can apply for tax exempt status (which is fairly
> complicated) by filing Form 1023. Im spending some of my time reading
> up on all of the requirements for tax exempt 501(c)(3) organizations.
> There are definitely some gotchas with regard to paid employees and
> sources of funding.
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