[ExI] Important question - need your advice

[Gina Miller]

Perhaps I need to clarify a little I am registered and have been set up this way for years now, but I don't plan on any investors or loans etc. What I'm trying to figure out is if it is legal for me to ask for funding to get a particular project started? I know that non profits ask people for financial support, but is that allowed for a company? Am I allowed to get what amounts to donations or raise funds to develop a particular project that will later go to sale (if it has a theme that is supported by the funders?). I am not actually hired by anyone. And I am not asking for investors. Can I get support for a project? I really need some help trying to figure this out! Thank you, Gina 


Gina "Nanogirl" Miller
Nanotechnology Industries
http://www.nanoindustries.com
Personal: http://www.nanogirl.com
Animation Blog: http://maxanimation.blogspot.com/
Craft blog: http://nanogirlblog.blogspot.com/
Foresight Senior Associate http://www.foresight.org
Nanotechnology Advisor Extropy Institute  http://www.extropy.org
Email: nanogirl at halcyon.com
"Nanotechnology: Solutions for the future."
  ----- Original Message ----- 
  From: Stirling Westrup 
  To: ExI chat list 
  Sent: Saturday, May 12, 2007 6:01 PM
  Subject: Re: [ExI] Important question - need your advice


  -----BEGIN PGP SIGNED MESSAGE-----
  Hash: SHA1

  Gina Miller wrote:
  > Hello everyone, I have some questions that I thought some of you might be able to answer. Okay if I am set up as a company (that can't change either), and I am beginning a project that I will need money to create, (but hopefully later will make sales) what are my legal ways of obtaining money to get the project started. Is it legal to get funding from individuals and other groups if I am a company, or is that only for non profits? Do you guys know what my options are or how I can go about getting money to start a project that is under a registered company? I am not being 'hired' but the content of my project may be of interest to people, companies, and non profits that are close to me. That's why I had been thinking I could ask, but I don't know if as a company that is possible, is there a way? Any advice and information would be greatly appreciated. 
  > 
  My experiences are Canadian, so your laws may well differ. When I (and a few
  others) started up Strategy First many years ago, we went to everyone we could
  think of that might be interested and asked them to invest some minor amount
  ($25 - $1000, basically whatever we thought we could get). Since we weren't
  even incorporated yet, just registered, we wrote receipts that said it was a
  loan to the company. We used that money to pay for phone calls and
  correspondence with bigger investors. (This wasn't my department, so I'm a bit
  vague on how we did it.) When we had secured sufficient money, we hired a
  lawyer that set up a share system, and then we offered all our creditors the
  option of being repaid in shares. Since they had been told this was the plan
  when first approached, they all agreed.

  -----BEGIN PGP SIGNATURE-----
  Version: GnuPG v1.4.3 (MingW32)
  Comment: Using GnuPG with Mozilla - http://enigmail.mozdev.org

  iD8DBQFGRmNK5dZZEoPlyIURAoYOAJ9caE7+j8fO54G34RzgdG626/5wSACeKVMO
  mFsfTGrMxjPrFWINjFvNvXk=
  =re/A
  -----END PGP SIGNATURE-----
  _______________________________________________
  extropy-chat mailing list
  extropy-chat at lists.extropy.org
  http://lists.extropy.org/mailman/listinfo.cgi/extropy-chat
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.extropy.org/pipermail/extropy-chat/attachments/20070513/c078be63/attachment.html>