Re: [atlarge-discuss] incorporation - misinformation debunked

["Ron Sherwood" <sherwood@islands.vi>]

Good morning, Jefsey:

Does French law permit a French corporation to be owned by non-French (or
non-EU) citizens?

Ron

----- Original Message -----
From: "JFC Morfin @large" <jfc@atlarge.ws>
To: "Ron Sherwood" <sherwood@islands.vi>
Cc: <atlarge-discuss@lists.fitug.de>
Sent: Sunday, July 06, 2003 12:39 PM
Subject: Re: [atlarge-discuss] incorporation - misinformation debunked


> On 15:17 06/07/03, Ron Sherwood said:
> >Satisfying the Internal Revenue Service
> >requirements that the corporation is an American Corporation (the
majority
> >of stockholders or members must be American citizens)
>
> This probably kills the idea of incorporating in the USA.
>
> I then strongly support an incorporation in France with a very limited
> legal support (changing the statutes is trivial if adequately prepared).
> There is no quota of citizenship and limited donations can be addressed
> easily. Only legacies may create a problem (I mean to request a letter to
> the tax comptroller). I am sure that Daniel can handle that easily. I have
> incorporated scores of non-profit (up to 5 or 6 in one day) : it was the
> most common way to set-up a Minitel service.
>
> The easiest solution is to use a small kernel of coopted members as a BoD.
> So actually you only incorporate a commitee, the other members being
> members @large. And you put in the statutes that the task of the
> association is to support the @large as per their demands. So the Members
> decide but they are not legally responsible and the association is rock
> solid. Obviously with the French incorporation come the French privacy
laws
> which were the origin of the European privacy rules.
>
> The only problem with a French incorporation is the language and the legal
> aspects. The formula I propose removes most of them as the incorporated
> body is just for legal and administrative support of the decisions of the
> community structured by its own bylaws. It could be mostly manned by
French
> speaking people without any impact on the power structure within the
> supported @large organization; organized by its own bylaws. Since a French
> assocaition may exist without being declared, this is the way the GNSO is
> actually functionning with AFNIC providing secretariat.
>
> jfc
>
>
>
>
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