[OmniOS-discuss] Legal next steps
Peter Tribble
peter.tribble at gmail.com
Tue May 16 19:18:59 UTC 2017
On Tue, May 16, 2017 at 2:22 PM, Theo Schlossnagle <jesus at omniti.com> wrote:
> My experience here is limited to the United States for approaching these
> problems. I don't mean to indicate that it is the right solution, but I
> can only speak of what I know.
>
> A legal entity must hold the assets. That can be a person, or a trust, or
> an corporation or a community*, etc. Community here is defined in such a
> way by the IRS that I don't believe we would ever quality (and it's never
> worth arguing). Given the history of "things" I would steer away from an
> individual and I feel that given unknown nature of assets required to
> operate and our weak starting point that a trust is likely not
> self-sustaining.
>
> What I would suggest is us setting up an corporation here in the US,
> setting a purpose and a missions statement (that includes education and
> science as we do those and they are eligible for non-profit status), elect
> 5-7 board members (who will be legally responsible for the entity) come up
> with a small operating budget (< $10k USD) and apply for non-profit
> (501(3)c). This process would take a few hundreds of dollars.
>
My question here would be: Do it yourself, or apply to something like the
Software Freedom Conservancy
https://sfconservancy.org/about/
and let them deal with the paperwork?
Thanks,
--
-Peter Tribble
http://www.petertribble.co.uk/ - http://ptribble.blogspot.com/
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