🚀 go-pugleaf

Hal Ravn said:
>The Board approved the separate incorporation of the West Kingdom Land
>Fund as Kingdom Trust, Inc.  This move provides two advantages--1.  it
>means that each organization is protected from legal actions taken
>against the other, and 2.  The KTI board can move quickly enough to
>actually acquire land.

The curious would like to know a few things on the above:

What legal actions was the board or the West worried about? Was it
mostly insurance concerns? With a seperate incorporation, how can
Kingdom Trust take advantage of any non-profit rules that are used by
the SCA, Inc? Does an inter-corporation agreement exist that bind both
parties?

When acquiring land, how will KTI represent itself to state and local
government, especially with regards to property tax liabilities?

How did the transfer of funds occur? Isn't that a huge tax liability?
What are California laws like on this question?

KTI probably has either a board or a president and trustee group. Is
there any cross pollenization between KTI and SCA, Inc, i.e. one
director on both corporations' "boards?"

This seems like it could go either way as problems occur. With the
Barony of Caerthe active in their Land fund work, the experiment in the
West is of importance and knowing the reasons for the direction taken
could be of great benefit.

The biggest question, thus, is why the West and the Board chose this
direction? 

>As the KTI has been looking at a parcel for some months, this opens
>the possibility that the West Kingdom may have an owned site in the
>near future--after nearly 20 years of fundraising (though about half
>of the funds have been raised in the last 5 years).  The experiment
>will be interesting, to say the least.

May we not live in TOO interesting times.

Jalut

-- 
--
Guy M. Wells <guyw@uswest.com>  Disclaimer: My opinions are mine, no
U S WEST Advanced Technologies  one elses, and certainly not USWEST's!