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Re: Legalities
On Thu, Sep 07, 2000 at 07:27:33PM +0200, guylhemlistes@ifrance.com wrote:
> Hi,
>
> Yes we will legally exist soon - that's the point in meeting in NC,
> we will discuss this.
>
> Going non profit seems the easiest way.
>
This needs to be well thought out. Would it be a membership
organization with one vote per member? A problem is that in many
organizations only a tiny percentage of the members vote and this
leaves the way open to a hostile takeover.
Right now the LDP doesn't have any assets, and there is thus less
motivation for any takeover. But as a formal organization, we could
wind up owning the copyrights to certain documents that people had
given to us.
Another form of organization is to have a dedicated board of directors
that is self-perpetuating. There have been a lot of failures of
non-profits and we need to avoid the mistakes they made.
David Lawyer
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