[D-Space] Organisation money and incorporation

[Alex King]

On 02/12/10 10:18, Paul Campbell wrote:
> $140/week is about $630 a month, add in say $30 for power (anyone want to
> guess?) comes to $750 - that's ~40 members paying $20/month - or more likely
> 20-30 adults and the same number of students paying a lot less - this is what I
> mean about economies of scale - we need to pull in a minimum number of members
> to make this work financially
>
>    
At first look this seems expensive to me, it's a pity we can't get a 
cheaper space.

OTOH, it's probably a good price for what it is, and no doubt it's a 
suitable space, clean, warm, well lit, lockable etc.

If you put it as $20 per month, it's quite doable.  I suspect we'll have 
to do a bit of work to get enough people to sign up though.

Have you thought/ what do others do about organisation/incorporation?  
You clearly need a bank account to collect subs and pay rent.  People 
usually want to incorporate to lessen the liability on individuals, 
although I don't think it's always a good idea.  It means more paperwork 
that someone has to do.

If you are going to incorporate, you need to choose between a company, 
incorporated society or charitable trust.  Given this clearly has an 
educative purpose it could be a charity.

Cheers,
Alex