[Noisebridge-discuss] Meeting notes posted for Thu 7th

Matt Peterson matt at peterson.org
Fri Feb 8 17:22:24 UTC 2008


Howdy,

Basic rough notes have been posted on the wiki for last nights meeting  
<https://www.noisebridge.net/index.php/Meeting_Notes_2008_02_07>.   
Some new faces, a number of IRC to IRL mappings established and some  
great discussion on LLC's vs. Non-profits - thanks Andy for the  
research efforts!

I suppose the big news is to move forward with a DBA of noisebridge,  
at this point registered under 4 member names - Mitch, Jake, Rachel,  
and myself.  The major goal being meet for a method of collecting the  
initial seed start-up cost (as noted on the wiki, a commercial space  
is likely going to require a 3x monthly rent security deposit).   
Preference is being put on setting up the actual account with a local  
credit union or bank, with an ideal of zero/minimum monthly fees.

An LLC appears to be the logical least-path-of-resistance at this  
point, mostly because non-profit money tracking needs to be very  
extensive and an unknown "thumbs up" commitment from various  
government levels for approval.  A concern also exists on setting up a  
non-profit correctly to factor in board member insurance.  This is not  
to say a 501c3 isn't the best option, again just not the easiest for  
the initial setup months.

--Matt



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