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.
Sat, 23 Sept 2000, 06:18 pmWell if your Incorporated under the act - this protects each and every members private assets ( of course there are other factors such as negligence ect. - you won't be protected from).
As a registered bussiness name you are still liable as a person or individual.
As a company, Pty., or whatever - you think finding a Treasure and Secretary is hard .... this is a mine field and take the advice - get a Lawer!
You will have less hasles as an Incorporated Association -
I know!! - I have anumber of 'T' shirts for this!!!!
Best of Luck
Joe McCabe
As a registered bussiness name you are still liable as a person or individual.
As a company, Pty., or whatever - you think finding a Treasure and Secretary is hard .... this is a mine field and take the advice - get a Lawer!
You will have less hasles as an Incorporated Association -
I know!! - I have anumber of 'T' shirts for this!!!!
Best of Luck
Joe McCabe