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MrXLink

Wanted: Skylords Reborn Company Manager

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Greetings, Skylords!

As you may know, in order for the project to operate effectively, we require to set up our own (LLC) company for Skylords Reborn. Sadly our time and expertise has not proven to be enough to do this yet, which is why we are in need of a so-called Company Manager: someone whom we can trust completely to set up and manage Skylords Reborn as a company and thereby greatly accelerate our progress and donation possibilities. What does it take for you to host our company? You'd have to know how to set up said company, and be able to keep it non-profit and work on tax, finance and VAT administration. 

Do you have it in you to help the project and manage Skylords Reborn as a company? Then please make a proposal to be hired in the Recruitment - Development section of the forums. Remember that we are looking for someone we can greatly trust in doing this, as it is quite a serious and urgent matter. Feel free to leave an application, we'll gladly take a look at it and will hopefully soon be able to set up a company and extend our possibilities.

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This is a very good move. @Shock_Viper and I was talking about this a while ago, and he is under the impression that donations to a registered LLC Non-Profit organization will enable donations to be eligible for tax-exempt status, in which case he informed me that he would be able to donate much more, since he will get it back in the form of a reduce in taxes. This should apply for a lot of others as well and increase donations tremendously. Good Luck!

Edited by Ultrakool

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I researched abit, and a distinction has to be made between a non-profit organisation and an actual company(Non-Profit LLC). Of which the terms and conditions for the 2 are totally different. Of the two, the non-profit organization has more benefits to our cause(including but not limited to tax-exempt status) but also more restrictions(e.g. spending restrictions), but could also have other regulations regarding set-up that may prove to be more difficult. Mr X-Link said he'll try to look into it in more detail later.

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I'm not sure whether I understand... Do you actually want to found a company called BFReborn or do you just need a manager to manage BFReborn like a company?

We need someone to found AND manage a company for the project.

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We need someone to found AND manage a company for the project.

In most countries people under 18 aren't allowed to create a company, so maybe the founders could be different than managers

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I can imagine there are great possibilities opening up with this. But then again it will still be a jungle of legal Do's and Dont's.
Sorry no experience with any kind of economics or laws here.

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Setting up a non-profit foundation is actually not that hard, keeping the books properly is. In the Netherlands for example you will need to set up statutes (which include the goal of the foundation, how the board is (re)assigned/fired and what happens with the money of the foundation when the foundation stops). You will have to consult a notary to gain a notarial deed (yes, this will cost some money). With these statutes you can register at the Chamber of Commerce and you will have a non-profit foundation. 

The next step would be to setup a bank account in the name of the foundation. And here comes the hardest part, as a non-profit foundation you will need to maintain the books and fully open them to the tax authorities when requested. This needs to be done properly (preferable checked by an accountant) as there could be serious penalties when done wrong. 

Although a non-profit foundation will have its own capital seperated from the board members capital, there will still be (financial) risks for the board members as they could be held liable in certain cases. 

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Setting up a non-profit foundation is actually not that hard, keeping the books properly is. In the Netherlands for example you will need to set up statutes (which include the goal of the foundation, how the board is (re)assigned/fired and what happens with the money of the foundation when the foundation stops). You will have to consult a notary to gain a notarial deed (yes, this will cost some money). With these statutes you can register at the Chamber of Commerce and you will have a non-profit foundation. 

The next step would be to setup a bank account in the name of the foundation. And here comes the hardest part, as a non-profit foundation you will need to maintain the books and fully open them to the tax authorities when requested. This needs to be done properly (preferable checked by an accountant) as there could be serious penalties when done wrong. 

Although a non-profit foundation will have its own capital seperated from the board members capital, there will still be (financial) risks for the board members as they could be held liable in certain cases. 

You should be aware that in most countries creating a nonprofit (NL: stichting en/of vereniging, BE: VZW)  has to have several members. One person cannot make a nonprofit in BE/NL. The nonprofit also needs a local character in most cases. Considering the liability, I think those will be the hardest hurdles to overcome.

https://nl.wikimedia.org/wiki/Stichting_en_Vereniging:_Hoe_te_starten

 

Edited by Reinard

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You should be aware that in most countries creating a nonprofit (NL: stichting en/of vereniging, BE: VZW)  has to have several members. One person cannot make a nonprofit in BE/NL. The nonprofit also needs a local character in most cases. Considering the liability, I think those will be the hardest hurdles to overcome.

https://nl.wikimedia.org/wiki/Stichting_en_Vereniging:_Hoe_te_starten

 

You are right, but I assumed that some of the staff members will also take part in the board as they will want to have some control of the foundation of course.

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^ LLCs can have a single member/owner, but this might depend on the country's law of course...

 

I hope you can find a person who's willing to do this, and someone you can afford.

Let me know if you're getting desperate - I'm familiar with a team of young people who've created a company several years ago selling services such as VPN, servers, and seedboxes.

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I'd definitely help, but sadly, my BS in Business Administration is going to be 4 years too late for ya'll, ;) (And I live in the US, so, I'm guessing it's more or less easier to start a company than in countries that lean more towards the socialistic economic system with our free enterprise thing and all... even if the US doesn't really have much capitalism anymore...)

 

Good luck, though. 

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Don't get me wrong, but I do not see a benefit to setup a LLC. You can even manage your business more efficiently without this.

IF it is required by regulations, than this is another topic, but what I understood between the lines is, that main motivations are to accelerate "donation possability".

It has beens stated that current donations are (likely) enough to keep servers running (even without knowing what server do cost in the end), therefore me personally would not change it.

If you decide to go this way, please be aware that this may significantly change the way how EA does treat this great initiative.

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Don't get me wrong, but I do not see a benefit to setup a LLC. You can even manage your business more efficiently without this.

IF it is required by regulations, than this is another topic, but what I understood between the lines is, that main motivations are to accelerate "donation possability".

It has beens stated that current donations are (likely) enough to keep servers running (even without knowing what server do cost in the end), therefore me personally would not change it.

If you decide to go this way, please be aware that this may significantly change the way how EA does treat this great initiative.

I dont understand how setting up a company will aggravate EA or provoke them to create a reactionary response. If anything, everything(financials for example) will be much more transparent, and will lessen their doubts(If any) about the non-profit nature of this project or other legal matters. This will also more likely draw an official response from them, which is something we are still waiting for. Doing so would bring stability to the project.

 

Another thing I'm not quite clear on. You state that you can manage the business more efficiently but don't really state how. Would you care to expand on that?

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What was meant is, that you dont need to setup a company to manage your current processes more efficiently, therefore nothing specific.

Got your argumentation, why you think this (setup a company)  is a good way to go and maybe you're right, even if I am still of the opionion, that this will not be the best way to go. EA is a company to earn money, if another company is asking to use there IP (even beening a non profit company) would be treated differently compared to there a bunch of gamers that do run there own servers to continue enjoying what has been terminated by EA.

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You want to set up the company only in Britain? Or is it possible in other EU country? In the Czech Republic, we have great law for non profit organizations, its easy to establish them and they have a lot of benefits.

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Hey, i'm in the second year of international business administration.

I know for sure that I can't do it yet, but perhaps i could assist in some way.

 

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but i wonder. does it have to be a company for bfr or does a club like "football or chess" not work for bfr that way it would be way easyer and donations wear still possible. but at first you may need to dicide on witch country you like to build up this company or club because of the diffrent laws of each country.

but if it would be my project i would go and build a club and then maybe later transform this club to a company. 

what do you think of that maybe stupid idea because i does not know a lot of international company laws an non of other cuntrys than swizzerland

 

Ps: you can even see us (thsoe ho dont work on the project) as fans like in a BFR Fanclub

Edited by Asraiel

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but i wonder. does it have to be a company for bfr or does a club like "football or chess" not work for bfr that way it would be way easyer and donations wear still possible.

Or they could create a charity :lol:

The real reason the team wants an LLC is to protect themselves in case Electronic Arts decides to take legal action because their IP was used without permission. An LLC is a separate entity, therefore - in essence - if EA takes his claim to court then it can only sue the company and not the staff representative(s) who then won't be held liable.

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