SEC signing - we're now legit! :)

[Arvin Cristi]

No need for that amount... di po tayo professional organization nor a foundation... we are merely a driver's association, hehehe... parang TODA, hahahahaha kaya wala minimum!

kidding aside, non stock non profit association po tayo kaya membership dues lang ang required na nasa bank. then we can pursue fund raisings and accept donations na! yun nga lang we have to report it annualy sa SEC and dapat solely i-finance sa mga activities ng club...

so basically we should have an annual audited FS's to submit to the SEC right? hmmmm that's not bad, am sure we can get an accountant to do the FS's when the need is there. at least wala tayo required capital for teh group!

[ThePatriarch]

so basically we should have an annual audited FS's to submit to the SEC right? hmmmm that's not bad, am sure we can get an accountant to do the FS's when the need is there. at least wala tayo required capital for teh group!

basically tama ka bro... in our case no need for an audited FS since di po tayo for profit na corporation... kaya my limited knowledge will suffice, hehe

[Boz]

No need for that amount... di po tayo professional organization nor a foundation... we are merely a driver's association, hehehe... parang TODA, hahahahaha kaya wala minimum!

kidding aside, non stock non profit association po tayo kaya membership dues lang ang required na nasa bank. then we can pursue fund raisings and accept donations na! yun nga lang we have to report it annualy sa SEC and dapat solely i-finance sa mga activities ng club...

Ah ok. Thats good. Iba pala requirements kung foundation. Foundation yata yung balak namin i-register. Thanks.

[Arvin Cristi]

basically tama ka bro... in our case no need for an audited FS since di po tayo for profit na corporation... kaya my limited knowledge will suffice, hehe

hehehehe thats good!! we know you can handle that!!!

[bluemica]

mga bossing paki tagalog nga, hindi ko na naiintindihan eh hahahahah

[ThePatriarch]

mga bossing paki tagalog nga, hindi ko na naiintindihan eh hahahahah

mas magandang idaan yan sa moboteng usapan! hehe

[mr_incredible]

mga bossing paki tagalog nga, hindi ko na naiintindihan eh hahahahah

Ganito lang iyan. Yung nasa bank na kailangan ay membership fee lang.

Yung mga donasyon at ibang funds, gagamitin sa mga mini-eb para sa food and drinks (read as "pulutan and toma"). Tapos every year kailangan natin i-report sa SEC na ginamit yung funds na yun para sa "team building" activities na nabanggit ko



Ops, joke lang ha. Baka may mag-seryoso sa post ko hehehe!

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[bluemica]

hahahaha ala eh meron palang natagalog! hehehe

[meledson]

Congratz!

Galing nyo naman.

[ianmitsulancer]

Congratz!

Galing nyo naman.

*meledson- thank you very much po. mabuhay tayong lahat!

since we are non-profit... could we say that we are also a Non-Government Organization (NGO)? thinking big na ata 'to... hehehehe.

do we need other guidelines such as rules and regulations? just curious.