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(...) Eric, can you tell me more about why you set up the club as a Partnership, what where your other options (i.e. non-profit group, Incorporation, etc.) The reason I ask is that I've been thinking of doing something simliar with the NGLTC but I (...) (22 years ago, 5-Sep-02, to lugnet.trains, lugnet.org.us.nelug)
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| | Re: Definitions: LUG or LTC
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(...) Well I will give it a try, it was about 2 years ago that we set it up so some details may be a little off. I will also say that I have some very good family resources in that my Mother is a Lawyer and my father is an Accountant and they gave (...) (22 years ago, 6-Sep-02, to lugnet.trains, lugnet.org.us.nelug)
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| | Re: Definitions: LUG or LTC
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(...) Did you look into forming an LLC or an LLP? In a regular partnership I'd be worried that someone would slip on a brick or something at a NELUG event and try to sue the pants off of the partners. (22 years ago, 6-Sep-02, to lugnet.trains, lugnet.org.us.nelug)
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| | Re: Definitions: LUG or LTC
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(...) Yeah sorry I guess I wasn't spacific enough. We are a Limited Partnership which limits our liability to the value of NELUG's assets, which while substantial from the groups perspective they are minimal in terms of real value. <humor> Of course (...) (22 years ago, 7-Sep-02, to lugnet.trains, lugnet.org.us.nelug)
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