Inc. versus Co.
Thu, 21 Sept 2000, 07:28 pmWalter Plinge11 posts in thread
Inc. versus Co.
Thu, 21 Sept 2000, 07:28 pmI am having enormous difficulties assembling a committee for my opera company. Especially a treasurer and a secretary. I have reserved the name as an incorporated association, but I am thinking about ditching this in favour of a simple business name - a company - which could be run by one or two people.
What are people's thoughts either way? I am trying to do the right thing by going Inc.... you know, keeping the whole thing above-board and accountable, and avoiding the stigma of people thinking I'll bunk with the profits and vacation in the Bahamas for a year.
(although...)
But if I can't get a committee together, what other option do I have? Wouldn't it be simpler to run it as a busniess?
David M.
(Knight of the Round Meadows)
What are people's thoughts either way? I am trying to do the right thing by going Inc.... you know, keeping the whole thing above-board and accountable, and avoiding the stigma of people thinking I'll bunk with the profits and vacation in the Bahamas for a year.
(although...)
But if I can't get a committee together, what other option do I have? Wouldn't it be simpler to run it as a busniess?
David M.
(Knight of the Round Meadows)
RE: Inc. versus Co.
Fri, 22 Sept 2000, 07:20 pmDavid,
As I understand it, funding bodies will generally only award funding to incorporated (non-profit) bodies with comprehensive (and theoretically accountable) boards/committees.
I may be wrong, but this was the general impression I was left with when I was looking into funding some time ago. It may pay to check this aspect out with Lotteries, Aust Council and Artswa. You can probably get their criteria straight from their web sites. Tony Bonney (at the Fringe) should be able to enlighten about Aust. Council preferences.
Regards
Jason
PS - Thank you, Leah for your excellent and informative post. I am in the process of setting up a company structure (not for theatre!) and there were several areas which I will make it a point to understand a bit further.
As I understand it, funding bodies will generally only award funding to incorporated (non-profit) bodies with comprehensive (and theoretically accountable) boards/committees.
I may be wrong, but this was the general impression I was left with when I was looking into funding some time ago. It may pay to check this aspect out with Lotteries, Aust Council and Artswa. You can probably get their criteria straight from their web sites. Tony Bonney (at the Fringe) should be able to enlighten about Aust. Council preferences.
Regards
Jason
PS - Thank you, Leah for your excellent and informative post. I am in the process of setting up a company structure (not for theatre!) and there were several areas which I will make it a point to understand a bit further.