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Old 11-08-2005, 11:47 AM
the1beauty the1beauty is offline
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Join Date: Nov 2005
Location: Texas
Posts: 34
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Quote:
Originally posted by kddani
More questions:

Why did you seek to be incorporated before you even have your chapter up and running? It is my understanding that when the Divine 9 orgs became incorporated, it really meant something. However, for an organization founded today, becoming incorporated is only a matter of having the money to pay a lawyer to set it up for you.

ANSWER: Because becoming incorporated legally makes us a non-profit. We've been getting donations from people, but now their donations can be tax deductible...why not incorporate?

How is your corporate structure organized? How about your articles of incorporation- what do they say, particularly about your group's purpose? Who sits on the board of directors? Do you have an active body of adults (by adults I mean past college, with real world experience, etc.) on that board? Who paid for the attorney to set this all up? Who's going to continue to pay the attorney to make sure the corporation is running as it should and taking care of any business that comes up with it being a corporation?

ANSWER: That's not for you to worry about. We paid good money for a good lawyer to file our articles of incorporation, obtain an EIN, and file for tax exempt status. Money isn't a problem with us, not at all. Funding will never be an issue.

Doing the paperwork to become a corporation isn't all that tough, particularly with an attorney. However, running and maintaining a corporation, particularly with so few people, is very tough.

RESPONSE: I heed what you say, but know a lot about business and the law being that 1) I run an INTERNATIONAL promotion business. Want to know about it? PM me, I love showing it off.

2) I'm pre-law and heavily into preparing for law school

PLEASE remember that this chapter is the building block for all other potential chapters and for new members that join later. By worrying so much about incorporating, expanding, etc. you're putting the cart before the horse. This first chapter needs to be STRONG. Get it strong, get strong women, and then worry about the other stuff. If not, you're only setting yourself up to fail.


RESPONSE: True. I agree. We're going to thrive and do just fine. We've gotten a lot done to be so new.


Also curious as to how you can say (on your website) that your group does this, this and this, but you haven't done anything yet? Don't be saying you do something when you haven't even done it yet. And if you have, how about some pictures?

RESPONSE: Gir it time. Like I said we're new, and I believe the site says what we have planned...we'll go look back and fix the owrding if it's incorrect. But I don't believe it is.
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