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.
Tue, 31 Oct 2000, 02:27 pmWalter Plinge
The "Inc Ass" is the traditional vehicle for small theatre companies but first you need to hold a public meeting, choose a steering committee etc etc. You can get a 'kit' from Ministry of Justice, 66 St Geo Tce (I think).
Bear in mind that these entities are basically meant to be non-profit, although people can be paid for services rendered (other than serving on the committee!). Control is ultimately in the hands of the members in General Meeting who can summarily sack the person who does all the work!
Oh yes, you'll need an ABN and probably a TFN as well.
Cheers,
Peter
Bear in mind that these entities are basically meant to be non-profit, although people can be paid for services rendered (other than serving on the committee!). Control is ultimately in the hands of the members in General Meeting who can summarily sack the person who does all the work!
Oh yes, you'll need an ABN and probably a TFN as well.
Cheers,
Peter