Meeting Notes 2008 02 07
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Actions Items[edit | edit source]
- Rachel, Andy, Matt
- DBA of Mitch, Rachel, Jake, Matt
- Bank or credit union
- Deposit $221
- Paypal
Notes[edit | edit source]
- 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