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, 04:21 pmWalter Plinge
The 'Inc Ass' is the traditional vehicle for small theatre companies. A kit is available from the Ministry of Fair Trade (66 St Geo Tce I think).
You will need to hold a public meeting, appoint a steering committee, etc etc. 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).
Ultimate control is with the members in General Meeting, which means they can sack the committee if they want to. and oh yes, you'll need an ABN and probably a TFN as well.
Good luck,
Peter
You will need to hold a public meeting, appoint a steering committee, etc etc. 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).
Ultimate control is with the members in General Meeting, which means they can sack the committee if they want to. and oh yes, you'll need an ABN and probably a TFN as well.
Good luck,
Peter