Hackerspace.SG Incorporation

Owner: Ruiwen

Done. Decide on a corporate form and incorporate "Hackerspace.SG Pte Ltd" or Ltd or LLP.

Open bank account. 7pm Thursday.

Keep basic ledger on spreadsheets.google.com to track the membership dues and expenses.

Corporate Form

Meng and Ruiwen incorporated on 20091014:

Company No. :200919232E

NOTICE OF INCORPORATION

This is to confirm that HACKERSPACE.SG PTE. LTD. is incorporated under the Companies Act(Cap.50), on and from 14/10/2009 and that the Company is a PRIVATE COMPANY LIMITED BY SHARES.

Until we are a few months farther along, it would be OK to operate the Hackerspace Membership roster separately from the Pte Ltd shareholder roster or from the LLP partner roster.

Ruiwen and his buddies can be shareholders if they want.

Ordinary memberships should initially be managed separately from the legal membership.

Down the road we can harmonize the legal shareholder/partners and the membership.

So we would be more like a gym than a country club at first.

The company would have no employees.

Bank Account

Meng would be OK with any local bank ... preferably with a good online bookkeeping system, that can export transactions to Quicken or XLS.

Standard Chartered

http://www.standardchartered.com.sg/sme-banking/cash-management/essential-lite.html

no minimum balance. transaction logs can be downloaded as CSV.

DBS

A minimum deposit of SGD3,000 and a minimum monthly balance of SGD10,000 is required.

UOB

Minimum Minimum Monthly Average Balance $20,000

http://www.uob.com.sg/corporate/corporate/deposits/current_account.html

Decision

Open Standard Chartered account.

Key Item: Obtain and post instructions for direct funds transfers from other bank accounts in SG into the company account.

Appoint a Secretary

Deadline 60 days iirc. For now ask Kelvin to volunteer?