[Eg-oversight-board] Fwd: Nonprofit Documents
Terran McCanna
tmccanna at georgialibraries.org
Wed Mar 7 14:55:56 EST 2018
I have no experience with this sort of thing, so I happily defer to those
of you with a better feel for this.
Terran McCanna
PINES Program Manager
Georgia Public Library Service
1800 Century Place, Suite 150
Atlanta, GA 30345
404-235-7138
tmccanna at georgialibraries.org
On Wed, Mar 7, 2018 at 2:53 PM, Holly Brennan <haderhold at ci.homer.ak.us>
wrote:
> Great resource, Andrea! (Now I want to see if my state has something like
> that.)
>
>
>
> I feel okay proceeding without retaining a lawyer at this point (but
> wouldn’t hurt to start looking for one). I’m from a small town/state and
> regularly do business without contracts so I’m definitely on the
> loosey-goosey end of the spectrum.
>
>
>
> -Holly
>
>
>
> *From:* eg-oversight-board [mailto:eg-oversight-board-
> bounces at list.evergreen-ils.org] *On Behalf Of *Andrea Buntz Neiman
> *Sent:* Wednesday, March 7, 2018 10:04 AM
> *To:* Timothy Spindler
> *Cc:* Oversight Board; Sharon Herbert; Gagnon, Ron
> *Subject:* Re: [Eg-oversight-board] Fwd: Nonprofit Documents
>
>
>
> Missouri Bar Association points the public to this website: http://
> missourilawyershelp.org
> <https://linkprotect.cudasvc.com/url?a=http://missourilawyershelp.org&c=E,1,6htyBU3oZe7N6nXDsC6wS5uFtJNjkNc8aXvU4hXvDnWxJchQ5Mj_3mwwlop2GuRSwrfGfGuX8e-HtkAa73VlKC7WD07fvvdIYA3LPyl6x11k7Q,,&typo=1>
>
>
>
> On Wed, Mar 7, 2018 at 2:01 PM, Timothy Spindler <tspindler at cwmars.org>
> wrote:
>
> Does anyone have any thoughts on how to identify an attorney who is
> licensed in Missouri?
>
>
>
>
>
> <https://linkprotect.cudasvc.com/url?a=http://www.cwmars.org&c=E,1,4IV3RVuoms62Zpn0Uxsapf2UvtreU30zY2_e1X-AIZtkM5ybCvEOqgkxKIqRfO7z6HLcKKJIZIJeWYDiSyyUSVTKKSDwKcUjYFWNSdExUw,,&typo=1>
>
> Tim Spindler | Executive Director | CW MARS
>
> tspindler at cwmars.org | 508-755-3323 x120 <(508)%20755-3323>
>
> http://www.cwmars.org
> <https://linkprotect.cudasvc.com/url?a=http://www.cwmars.org/&c=E,1,89yBqA0scXUZRen7bYe33shrkaaLhIJZyBMP7uob-xYw4v4T6mp29m5b9nR6g-GonkdfTygR4ZsZ4OwlalU-f3toPlbg7pRTPTazBClX&typo=1>
>
>
>
>
>
>
>
> On Wed, Mar 7, 2018 at 1:13 PM, Gagnon, Ron <gagnon at noblenet.org> wrote:
>
> I agree with Mike's thoughts. I feel we should proceed with the signing.
>
> Ron
>
>
>
> On Wed, Mar 7, 2018 at 9:52 AM, Mike Rylander <mrylander at gmail.com> wrote:
>
> Tim,
>
>
>
> Regarding SFC review of documents, does this refer to the exempt status
> application, as well as potential agreements between the new NPO and
> MOBIUS, positing that the SFC transfer will occur after all of formation,
> successful application for exempt status, and an eventual MOBIUS continuing
> services agreement?
>
>
>
> My preference, from the perspective of having gone through NPO formation
> and successful exempt status application relatively recently, would be that
> Evergreen engage with, and build a relationship with, an attorney at the
> start of the process so that our counsel will have first-hand knowledge of
> the entire process and be better able to efficiently address issues that
> could stem from the early steps of this journey. Also, while I have no
> reason to expect complications, having a retained counsel for the
> continuing services agreement negotiation separate from both SFC and
> Jenkins & Kling seems best, to me, for creating an at-arms-length
> agreement. I understand that this may be cost prohibitive, but I don't know
> that we have priced it out, either.
>
>
>
> As for a cap, I think as long as we are fully engaged in the process we
> can spot any unexpected cost issues early and address as appropriate.
>
>
>
> Thanks, Tim!
>
>
>
>
> --
> Mike Rylander
> | President
> | Equinox Open Library Initiative
> | phone: 1-877-OPEN-ILS (673-6457)
> | email: miker at equinoxinitiative.org
> | web: http://equinoxinitiative.org
> <https://linkprotect.cudasvc.com/url?a=http://equinoxinitiative.org&c=E,1,MbyyT3A6Om9tPD-S0EwCuNDN2xLIDacCxZk2vq3t39ASswEh3a40zzVykv7C-W57Dacn8Q-Yw3_d6aknk09c_JwyCpilxat0N1zewr34cd_kxw,,&typo=1>
>
>
>
> On Wed, Mar 7, 2018 at 8:35 AM, Timothy Spindler <tspindler at cwmars.org>
> wrote:
>
> I'm not sure how others feel but for the formation I would be willing to
> move forward without asking for a cap or going through a review with an
> attorney. I think the final documents need a more formal review. I think
> the most important thing is to have an attorney and careful review of the
> agreement between the newly formed corporation and MOBIUS.
>
> Can you let me know if you are in agreement to proceed with signing the
> formation documents by the end of the day tomorrow?
>
> Tim
>
>
>
>
>
> <https://linkprotect.cudasvc.com/url?a=http://www.cwmars.org&c=E,1,p9PiokMCzv_Yno-oyB2iZm2LJ1sTg8Y9bFrx2p3rIjktPqKCn1o98LUz_FM2EVfb3f5nWuUvNidLcQU_mDl02Kw4RJw9k0D0yBUTkxHKuLV0VXWEzW6FogPq6rTf&typo=1>
>
> Tim Spindler | Executive Director | CW MARS
>
> tspindler at cwmars.org | 508-755-3323 x120 <(508)%20755-3323>
>
> http://www.cwmars.org
> <https://linkprotect.cudasvc.com/url?a=http://www.cwmars.org/&c=E,1,4j8gVqbz1zrApYMeCxJGTOXZEUCJC-So6GJJkKoW0xHbgAsfFRlIkpyyfqUCteIAYA4g21IhIgE5FY6u-bHjrEtkhWCj58ga0q6m7azY&typo=1>
>
>
>
>
>
>
>
> On Mon, Mar 5, 2018 at 5:24 PM, Sharon Herbert <
> sharon.herbert at bc.libraries.coop> wrote:
>
> 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
> <https://linkprotect.cudasvc.com/url?a=http://www.cwmars.org&c=E,1,mWAyZ2tW5bi1h3CvyiVKF6McqOXpvShWwoBPpfb_hlqHZPUOjq-IjJc-28CMBEwArymAeqB_jOejzUMJkq8sANuXpnc_hkMQ57VHefGRxycZJkp_flwyf2Y,&typo=1>
> >
>
>
>
> Tim Spindler | Executive Director | CW MARS
>
> tspindler at cwmars.org | 508-755-3323 x120
>
> http://www.cwmars.org
> <https://linkprotect.cudasvc.com/url?a=http://www.cwmars.org&c=E,1,yJDQHgm7f2ySQSLybLpqdis1wrW9Eg3E3LBtcPVzE3HBNAD8X-Ip8nNwdAJh3OM02edpxWoB1-39Y2OoAy-bKP5GFA5ZtU7llG9RLwpw_k7WQ1UJGg4,&typo=1>
>
>
>
> ---------- 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
> <https://linkprotect.cudasvc.com/url?a=https://maps.google.com/%3fq%3d111+E+Broadway,+Ste+220+%250D%250AColumbia,+MO%26entry%3dgmail%26source%3dg&c=E,1,HJbjVbpwLsL9PThntow1zpNgruJyubCVQrZns8D7ac_7kElE0cv-XrXjPu_ETnlyHR9-lEuWCHp-ApzNJatlMEbbE0wpAm4YUNEG7T42&typo=1>
>
> 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
> <https://linkprotect.cudasvc.com/url?a=http://bc.libraries.coop&c=E,1,szLRaZZbwcsm-CPAoWz9aBfNR-refiPPIiOFSdgR1a6YSzCaQW7Q3xiWY1yRzjRRxqyxOSt9RYzjX3wmW2dBaGzu9wDp4kkA5UPr_6gv_WmSJWvcRg,,&typo=1>
>
>
>
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>
> --
>
> Ronald A. Gagnon
>
> Executive Director
>
> North Of Boston Library Exchange (NOBLE)
>
> Danvers, Massachusetts 01923
> 978-777-8844 <(978)%20777-8844>
>
> www.noblenet.org
> <https://linkprotect.cudasvc.com/url?a=http://www.noblenet.org&c=E,1,Nkyv8rkpApbJ6tk0YJ8mqYpvgRLm7W2qGJCRSEylG2yzYdAPzyz-uMNbP8psKMX4uVxLlFrgEtj7x_o1kKf-eVsBk0s3y-kesBgkS997-WU,&typo=1>
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>
> --
>
> Andrea Buntz Neiman
>
> Project Manager for Software Development
>
> Equinox Open Library Initiative
>
> abneiman at equinoxinitiative.org
>
> 1-877-OPEN-ILS (673-6457)
>
> *www.equinoxinitiative.org
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