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<DIV><FONT face=Arial size=2>My husband and I are a DBA (doing business
as) joint sole proprietor company (not cooperation) registered with
the state of WA (state business license). It is indeed that the approach of my
project is a common meme to those who I would (if I can) ask for financial
support, they might see it as in their best interest to support my project. My
project will be supporting many topics that are mutual to the potential
individuals and groups. So instead of pay back it would be that they would (I am
hope) be willing to support my project and it's final output because it might
bring attention to their own work. So you think this would all be okay? Wish I
could find documentation on this...</FONT></DIV>
<DIV><FONT face=Arial size=2>Sorry about being vague, it's only due to the stage
I am in, but the project is in more clear terms. And I would of course would be
able to explain this in great detail and why it would be of significance to
those that I approach. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV>Gina "Nanogirl" Miller<BR>Nanotechnology Industries<BR><A
href="http://www.nanoindustries.com">http://www.nanoindustries.com</A><BR>Personal:
<A href="http://www.nanogirl.com">http://www.nanogirl.com</A><BR>Animation Blog:
<A
href="http://maxanimation.blogspot.com/">http://maxanimation.blogspot.com/</A><BR>Craft
blog: <A
href="http://nanogirlblog.blogspot.com/">http://nanogirlblog.blogspot.com/</A><BR>Foresight
Senior Associate <A
href="http://www.foresight.org">http://www.foresight.org</A><BR>Nanotechnology
Advisor Extropy Institute <A
href="http://www.extropy.org">http://www.extropy.org</A><BR>Email: <A
href="mailto:nanogirl@halcyon.com">nanogirl@halcyon.com</A><BR>"Nanotechnology:
Solutions for the future."</DIV>
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<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=sjatkins@mac.com href="mailto:sjatkins@mac.com">Samantha Atkins</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
title=extropy-chat@lists.extropy.org
href="mailto:extropy-chat@lists.extropy.org">ExI chat list</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Sunday, May 13, 2007 4:50 PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [ExI] Important question -
need your advice</DIV>
<DIV><BR></DIV>Gina Miller wrote:<BR>> Perhaps I need to clarify a little I
am registered and have been set <BR>> up this way for years now, but I
don't plan on any investors or loans <BR>> etc. What I'm trying to figure
out is if it is legal for me to ask for <BR>> funding to get a particular
project started? I know that non profits <BR>> ask people for financial
support, but is that allowed for a company? <BR>> Am I allowed to get what
amounts to donations or raise funds to <BR>> develop a particular project
that will later go to sale (if it has a <BR>> theme that is supported by
the funders?).<BR><BR>As far as I know (IANAL) you can certainly ask for funds
for a project <BR>whether you are just a private person or a company.
What form of <BR>company though, corporation or not? The form can
make some <BR>differences, among other things as to tax treatment of these
donations <BR>at your (or your company's) end. If the money is to
fund a for profit <BR>venture it is possible that some of the donors may
expect compensation <BR>for use of their funds. I don't think it is
reasonable to ask people <BR>for use of their money without spelling out what
they can expect at <BR>least in terms of being paid back. >From a
professional point of view <BR>it makes little sense to spend money,
especially other people's money, <BR>on something you merely hope will turn a
profit someday. If it is <BR>something people will donate to just
because they want to see it in the <BR>world then that is
fine. I don't believe there is a limit on taking <BR>donations for
such a thing. But I do think you should set up an <BR>agreement to pay
people back if this does turn a profit. <BR><BR>You say you are not
asking for investors but it seems to me that is what <BR>you are doing.
Only you are asking for investors who will receive no <BR>repayment and no
profit even if there is some beyond seeing you get to <BR>do whatever the
project is. If it is a project or projects that some <BR>people or
organization are interested in funding then they are <BR>contracting with you
or your company to accomplish this project in <BR>return for their
funding. That is perfectly legit it seems to me. But <BR>I
think in needs to be made a bit more crisp and clean than seems <BR>evident in
your description. This is a matter of protection for all
<BR>concerned.<BR><BR><BR>- samantha<BR><BR>> I am not actually hired by
anyone. And I am not asking for investors. <BR>> Can I get support for a
project? I really need some help trying to <BR>> figure this out! Thank
you, Gina<BR>> <BR>> Gina "Nanogirl" Miller<BR>> Nanotechnology
Industries<BR>> <A
href="http://www.nanoindustries.com">http://www.nanoindustries.com</A><BR>>
Personal: <A
href="http://www.nanogirl.com">http://www.nanogirl.com</A><BR>> Animation
Blog: <A
href="http://maxanimation.blogspot.com/">http://maxanimation.blogspot.com/</A><BR>>
Craft blog: <A
href="http://nanogirlblog.blogspot.com/">http://nanogirlblog.blogspot.com/</A><BR>>
Foresight Senior Associate <A
href="http://www.foresight.org">http://www.foresight.org</A><BR>>
Nanotechnology Advisor Extropy Institute <A
href="http://www.extropy.org">http://www.extropy.org</A><BR>> Email: <A
href="mailto:nanogirl@halcyon.com">nanogirl@halcyon.com</A> <<A
href="mailto:nanogirl@halcyon.com">mailto:nanogirl@halcyon.com</A>><BR>>
"Nanotechnology: Solutions for the
future."<BR>><BR>> ----- Original Message
-----<BR>> *From:* Stirling Westrup <<A
href="mailto:sti@pooq.com">mailto:sti@pooq.com</A>><BR>>
*To:* ExI chat list <<A
href="mailto:extropy-chat@lists.extropy.org">mailto:extropy-chat@lists.extropy.org</A>><BR>>
*Sent:* Saturday, May 12, 2007 6:01 PM<BR>>
*Subject:* Re: [ExI] Important question - need your
advice<BR>><BR>> -----BEGIN PGP SIGNED
MESSAGE-----<BR>> Hash:
SHA1<BR>><BR>> Gina Miller
wrote:<BR>> > Hello everyone, I have some
questions that I thought some of you<BR>> might be
able to answer. Okay if I am set up as a company
(that<BR>> can't change either), and I am beginning
a project that I will<BR>> need money to create,
(but hopefully later will make sales) what<BR>> are
my legal ways of obtaining money to get the project
started.<BR>> Is it legal to get funding from
individuals and other groups if I<BR>> am a
company, or is that only for non profits? Do you guys
know<BR>> what my options are or how I can go about
getting money to start a<BR>> project that is under
a registered company? I am not being 'hired'<BR>>
but the content of my project may be of interest to
people,<BR>> companies, and non profits that are
close to me. That's why I had<BR>> been thinking I
could ask, but I don't know if as a company
that<BR>> is possible, is there a way? Any advice
and information would be<BR>> greatly
appreciated.<BR>>
><BR>> My experiences are Canadian, so your laws
may well differ. When I<BR>> (and a
few<BR>> others) started up Strategy First many
years ago, we went to<BR>> everyone we
could<BR>> think of that might be interested and
asked them to invest some<BR>> minor
amount<BR>> ($25 - $1000, basically whatever we
thought we could get). Since<BR>> we
weren't<BR>> even incorporated yet, just
registered, we wrote receipts that<BR>> said it was
a<BR>> loan to the company. We used that money to
pay for phone calls and<BR>> correspondence with
bigger investors. (This wasn't my department,<BR>>
so I'm a bit<BR>> vague on how we did it.) When we
had secured sufficient money, we<BR>> hired
a<BR>> lawyer that set up a share system, and then
we offered all our<BR>> creditors
the<BR>> option of being repaid in shares. Since
they had been told this<BR>> was the
plan<BR>> when first approached, they all
agreed.<BR>><BR>> -----BEGIN PGP
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(MingW32)<BR>> Comment: Using GnuPG with Mozilla -
<A
href="http://enigmail.mozdev.org">http://enigmail.mozdev.org</A><BR>><BR>>
iD8DBQFGRmNK5dZZEoPlyIURAoYOAJ9caE7+j8fO54G34RzgdG626/5wSACeKVMO<BR>>
mFsfTGrMxjPrFWINjFvNvXk=<BR>>
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