[talk-ph] Draft "MoA" between the OSM-F and any possiblelocalchapter

Andre Marcelo-Tanner andre at enthropia.com
Tue Jul 28 02:53:19 BST 2009


I dunno the minimum capital and bank accounts minimum differ from bank 
to bank, BPI is 10k, but I can handle that. The only problem for me is 
getting enough signatures and officers. So we have 5 incorporators, who 
wants to be President, the reason I ask is because all these details are 
required before I enter any data into the SEC forms, its their only 
requirements. We need atleast to pick a President and Secretary/Treasurer.

Eugene Alvin Villar wrote:
> Hi Andre,
>
> The incorporators themselves don't have to shell out much, but doesn't 
> the SEC require that the non-profit have a capital of at least 5k? And 
> to provide proof, a bank statement is needed and the minimum to open a 
> corporate bank account is 20-25k?
>
> Eugene
>
>
> On Tue, Jul 28, 2009 at 12:26 AM, Andre Marcelo-Tanner 
> <andre at enthropia.com <mailto:andre at enthropia.com>> wrote:
>
>     Shell out? Nothing aside from the cost of acquiring your TIN, and
>     maybe your Community Tax Certificate (~PHP5) and Notarization fee
>     of wherever you get notarized (here its PHP100)
>
>
>     Marloue Pidor wrote:
>>     Andre, I had second thoughts. How much would each incorporators
>>     shell out?
>>
>>     murlwe
>>
>>     <-----Original Message----->
>>     >From: Andre Marcelo-Tanner [andre at enthropia.com
>>     <mailto:andre at enthropia.com>]
>>     >Sent: 7/27/2009 10:33:56 PM
>>     >To: seav80 at gmail.com <mailto:seav80 at gmail.com>
>>     >Cc: talk-ph at openstreetmap.org <mailto:talk-ph at openstreetmap.org>
>>     >Subject: Re: [talk-ph] Draft "MoA" between the OSM-F and any
>>     >possiblelocalchapter
>>     >
>>     >ok thats 5 then, is Murlwe in Davao atm? ok i have to look into
>>     the logistics of
>>     >having incorporators abroad and not all in the same place.
>>     >
>>     >Eugene Alvin Villar wrote:
>>     >Ronny volunteered to be one of the incorporators before:
>>     >http://lists.openstreetmap.org/pipermail/talk-ph/2009-May/000901.html
>>     >
>>     >
>>     >On Mon, Jul 27, 2009 at 7:07 PM, Andre Marcelo-Tanner
>>     <andre at enthropia.com> <mailto:andre at enthropia.com> wrote:
>>     >
>>     >no responses yet, need 1 more, 4 cannot make a company, need 5
>>
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