Proposed Agenda for tomorrow's call 7pm EDT

[Sarah Clark]

Hi Team,

Can you both still join a google hangout at 7pm EDT tomorrow (Wed)?

I've spent some time brushing up on our incorporation process, and would like to propose the following agenda. What changes or additions would you like to make?

Proposed Agenda: 

• What form to take? (LLC)
• Where to incorporate? (Delaware? If somewhere else, why?)
• Cost?
• Who pays?
• If we choose Delaware, the costs will be (as I see them): $90 filing fee + $75 name registration + $50-$250/year registered agent + $250/year annual tax
• Immediate next steps?
• Choosing a Registered Agent (if we go with DE)
• Drafting an Operating Agreement (which would clarify how to add new members should Michael wish to serve as a contractor for now)
• Actually incorporating
• What else?
• Other next steps (slightly less immediate)?
• Bank account
• Insurance
• What else?
• 
  

I'm also sending along my notes (you'll recognize these from a couple months ago) with some more additions, as well as Michael's notes from his call with the SCORE team. If we're all able to read through these notes it will make our call go easier/quicker tomorrow :)

I'm looking forward to talking with you both again and sorting through this!

Cheers,

Sarah

[Michael Reading]

Hi team,

Sarah, thank you so much for putting this together. This all look good. I think the one thing I might comment on re. location - is that the SCORE Legal team thought pretty strongly that it made sense to incorporate in the place where we did the most business, as opposed to DE. But that said, I know you've done a bunch of research so I'm very interested to hear your thoughts on all of this.

-M

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Michael L. Reading
Master of International Business - The Fletcher School | Tufts University

Climate CoLab Fellow -  Center for Collective Intelligence | MIT

+1.612.860.3099

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[Sarah Clark]

Hi Michael,

I completely hear you on the location...but where would we do the most business? Mexico? DC? I think that intl businesses frequently incorporate in DE... but this is an important topic for tomorrow!

Wishing you a great evening and looking forward to tomorrow,

Sarah

[Michael Reading]

Yep fair point. I think the advice from SCORE would follow to suggest incorporation in VA (where Art lives), but happy to talk through things tonight to better understand the advantages of DE.

-M

--
Michael L. Reading
Master of International Business - The Fletcher School | Tufts University

Climate CoLab Fellow -  Center for Collective Intelligence | MIT

+1.612.860.3099

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