On Thu, Aug 02, 2007 at 12:11:27AM +1000, David Lyon wrote:
>
> As in most countries, the registration cost itself is not expensive. It
> is all the support paperwork that needs to be done to comply with all
> the requirements. This takes time, and lawyers normally already have it
> all done (by a legal secretary at a low wage) and then resell it when
> they can. When it comes to Law, Lawyers usually have you over a barrel.
> And if you ever want to fight them, guess what, you need to hire another
> lawyer. Being friends with them and paying them a reasonable fee is
> always what I recomend. Cheapest option in the long term.
>
> The costs that I am hearing are roughly 2500 euro for legal costs for
> Germany.
In the Netherlands, creating a not-for-profit Foundation (as a legel
entitity, with a board that is not personally liable, and which can
have possessions) will cost roughly EUR 500. I did this 2 years ago.
The main thing to do is decide on Statutes, that express the purpose
of the Foundation and restrictions on how it is run (and how it can
be dissolved). The Statutes also define the name and location (city
where it is registered). I would think that the Statutes must be
writtin in Dutch, but don't know for sure.
Such a Foundation must have a Board (details to be described in its
Statutes), including a Chair and Treasurer (typically also a Secretary),
and possibly other board members (but one cannot be a member of the
Foundation itself; in contrast to a "club" (in German: Verein). It is
required by law to keep a decent administration, in particular a financial
administration.
The founders and initial board members (minimum two persons, I think)
must appear in person before a notary.
The Foundation can then open bank accounts and participate in contracts,
etc.
Best regards,
Tom
--
E-MAIL: T.Verhoeff @ TUE.NL | Dept. of Math. & Comp. Science
PHONE: +31 40 247 41 25 | Technische Universiteit Eindhoven
FAX: +31 40 247 54 04 | PO Box 513, NL-5600 MB Eindhoven
http://www.win.tue.nl/~wstomv/ | The Netherlands
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