Re: IMPORTANT: Looper CD final word and contracts

[ANET <ANET@aol.com>]

Kim;
I'm not a business major, but basically there are different types of 
business
partnerships.  One is known as an S-Corp.  where people get together and 
sign
some papers which state they are now in business as whatever.  It requires 
a
filing
at the state level and identifies the people and assumed business name.  
From
there
tax ids and other stuff is required.  

Contracts are very important for this effort.  If people do not have a 
clear
vision of what is owed them based on their contributions and someone starts
making a 
whole bunch of moola on it,  get ready to find a chat room for fighting 
legal
battles.

So, two issues which you may want to investigate would be the contracts for
the
producers to issue to the contributors, and then what you need to do to
incorporate
so that your corporation is liable and not you.

Hey,  I am not a lawyer and don't know this stuff, but at some point, this 
is
a 
necessary step.

Thanks;
John Peters (ANET@AOL.COM)