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Meeting Notes 2008 02 07
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[[Category:Meeting Notes]] === Actions Items=== * Rachel, Andy, Matt ** DBA of Mitch, Rachel, Jake, Matt ** Bank or credit union ** Deposit $221 ** Paypal === Notes === * Club owner JWZ has blogged his lessons learned on filing with the state/business paperwork * Jake is willing to start LLC with a few trusted people * California has $900/yr fee for an LLC or business, initial $400 * Security deposit is likely to be 3x first months rent, need to raise money * We should talk to Gunner account non-profit * Keep looking for a space since we have people * If you have friends, ask them if they know of spaces * People see value in putting a bank account * LLC and non-profit is about the same effort in terms of filing the papers * Mitch has $221, he's the treasure * Jake to talk to Armory owners, possible trade of community classes for reduced rent/free * Sliding scale with minimum * 501c3 is good for tax-write off for donations, but the paperwork aspect is high * do we want to decouple the space vs. membership fee * Corporate, state and federal status is needed, all 3 for true non-profit ** Likely $3k for fees and lawyer time to do this * Do we need to re-do contracts/name colusion so we dont have to redo insurance, landlord contract, other paperwork * We expenses already.. web hosting, VoIP, etc. * Business cards * Suggestion not to advertise to more people, will take time to revisit all decisions ** Not closing off, but not recruiting * Have a fundraising party * Need a mechanism to pick the best consistent day, either software, Excel or manual somehow * Open biz account ASAP, under DBA of noisebridge with >3 people on the account, do we need a EIN * Open US Bank account or credit union (Redwood Credit Union), whatever is free on monthly fees * Setup a paypal account, see what the limit is for input of funds max per month, ~3% they take off
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