[Eg-oversight-board] Fwd: Nonprofit Documents

[Sharon Herbert]

Thanks very much for this, Tim. I'm not seeing anything in the  
Formation Services document that caps the fees around formation. Is  
there any concern about not having a ''do not exceed'' clause or  
something to that effect to ensure costs stay within budget?

Sharon
Quoting Timothy Spindler <tspindler at cwmars.org>:

> Donna has forwarded me the initial documents to begin the process.  Please
> let me know if you have any questions or concerns.   These are
> "Preformation agreeements" and not the final document.
>
> Please find attached two documents from Dale & Jennifer, our attorneys.
>
> #1  Jenkins & Kling Letter -- outlines MOBIUS' agreement with Jenkins and
> costs
>
> #2  Formation Services -- requires  EOB signatures and outlines our
> relationship concerning nonprofit incorporation
>
>
> We anticipate that the schedule for incorporating Evergreen will be as
> follows:
>
>  (1)    Approximately 2 weeks after MOBIUS and Evergreen sign the
> preformation services letter agreement, Jenkins & Kling will send out
> drafts of the corporate formation documents, including the articles of
> incorporation, proposed bylaws, and initial corporate minutes.
>
> (2)    Evergreen will have 2 weeks to review these documents and provide
> comments.
>
> (3)    1 week after receipt of comments, Jenkins & Kling will either
> circulate revised drafts (if comments were extensive) or file to form the
> corporation and finalize the corporate documents (if comments were minimal).
>
> (4)    Within 1-2 weeks after the company is formed, Jenkins & Kling will
> prepare the tax exempt applications and have those along with the final
> corporate documents sent to Evergreen for execution.
>
> (5)    Upon receipt of the completed tax applications from Evergreen,
> Jenkins & Kling will file such applications with the appropriate
> authorities.
>
> (6)    While tax applications are pending, Jenkins & Kling and MOBIUS will
> work to prepare the final services agreement between MOBIUS and Evergreen.
> Once that is signed, the withdrawal and assignment process will occur.
>
>
> <http://www.cwmars.org>
>
> Tim Spindler | Executive Director | CW MARS
>
> tspindler at cwmars.org | 508-755-3323 x120
>
> http://www.cwmars.org
>
>
>
> ---------- Forwarded message ----------
> From: Donna Bacon <donna at mobiusconsortium.org>
> Date: Mon, Mar 5, 2018 at 1:15 PM
> Subject: Nonprofit Documents
> To: Timothy Spindler <tspindler at cwmars.org>
>
>
> Tim,
>
> Please find attached two documents from Dale & Jennifer, our attorneys.
>
> #1  Jenkins & Kling Letter -- outlines MOBIUS' agreement with Jenkins and
> costs
>
> #2  Formation Services -- requires  EOB signatures and outlines our
> relationship concerning nonprofit incorporation
>
>
> We anticipate that the schedule for incorporating Evergreen will be as
> follows:
>
>  (1)    Approximately 2 weeks after MOBIUS and Evergreen sign the
> preformation services letter agreement, Jenkins & Kling will send out
> drafts of the corporate formation documents, including the articles of
> incorporation, proposed bylaws, and initial corporate minutes.
>
> (2)    Evergreen will have 2 weeks to review these documents and provide
> comments.
>
> (3)    1 week after receipt of comments, Jenkins & Kling will either
> circulate revised drafts (if comments were extensive) or file to form the
> corporation and finalize the corporate documents (if comments were minimal).
>
> (4)    Within 1-2 weeks after the company is formed, Jenkins & Kling will
> prepare the tax exempt applications and have those along with the final
> corporate documents sent to Evergreen for execution.
>
> (5)    Upon receipt of the completed tax applications from Evergreen,
> Jenkins & Kling will file such applications with the appropriate
> authorities.
>
> (6)    While tax applications are pending, Jenkins & Kling and MOBIUS will
> work to prepare the final services agreement between MOBIUS and Evergreen.
> Once that is signed, the withdrawal and assignment process will occur.
>
> (D
>
> --
> Donna Bacon
> Executive Director
> MOBIUS
> 111 E Broadway, Ste 220
> Columbia, MO 65203573.268.1845 <(573)%20268-1845>


-- 
Sharon Herbert
Sitka Manager/Interim Managing Director | BC Libraries Cooperative
Toll-free: 1-855-383-5761 x1013 | Skype: sherbert42
Email: sharon.herbert at bc.libraries.coop | Twitter @sherbertbc
Website: http://bc.libraries.coop