Go Back  Offshoreonly.com > Boating by Region > Northeast US
Based on meeting comments >

Based on meeting comments

Notices

Based on meeting comments

Old 12-10-2003, 03:25 PM
  #11  
Registered
Thread Starter
 
BonnieOutlaw's Avatar
 
Join Date: Jun 2003
Location: Rochester, NY
Posts: 1,553
Likes: 0
Received 0 Likes on 0 Posts
Default

It's me...just researching over here. Is it possible that ROPA is already a corporation?

I ask because, I see that on January 1, 1986 Rochester Offshore Racing Group filed a d/b/a

Then on January 1, 1988 Rochester Offshore Powerboat Assn filed a Corp Name.

Does anybody have this paperwork??? This problem may already have been solved before, and we just didn't know it.
BonnieOutlaw is offline  
Old 12-10-2003, 09:17 PM
  #12  
Registered
 
Join Date: Mar 2001
Location: Penfield, N.Y. USA
Posts: 632
Received 3 Likes on 1 Post
Default

Yes, ROPA is has always been a Not For Profit Corporation filed with the State of New York. I apologize for the confusion if that was not made apparent. I'm not sure where all the original paperwork is. It may still be with Nuri Subuncu, who founded and incorporated the club. I'm not sure what that information will help with in the discussions we've had but if you have, or can get, any information on this form of corporation, we'd appreciate it.
By the way, you're very observant but I was not up at 2:46 am. And the time on this post will also look like something outrageous (I'm actually writing it at about 10:10pm). It seems Offshore Only is using something like GMT (Greenwich Mean Time), whatever the hell that is!
Come to think of it, I probably shouldn't have explained this. To have everyone think that I am up working on ROPA at 2:46am shows incredible dedication, don't it!
Yeah, that's the ticket. I never sleep when there are ROPA issues. Yeah, and my wife stays up to help too. You know, my wife Morgan Fairchild!
Bill
WHIPLASH is offline  
Old 12-11-2003, 06:28 AM
  #13  
Johnny Bravo
Guest
 
Posts: n/a
Default

If that's the case, the problem may have been solved back in 1988 (good job guys!!!).

TIME LAPSE...(doing more web surfing)

Well, with a little more digging...look what I found on the Dept of State home page...the information I couldn't get off the Monroe County Clerk's website (I was hoping there was an Inc. at the end!)

Current Entity Name: ROCHESTER OFFSHORE POWERBOAT ASSOCIATION, INC.
Initial DOS Filing Date: 02/19/1988
County: MONROE
Jurisdiction: NEW YORK
Entity Type: DOMESTIC NOT-FOR-PROFIT CORPORATION
Current Entity Status: ACTIVE


Here's some info I found...

CORPORATION
This is the most complex and expensive way to structure a business, but it also offers important protections for the owners. A corporation is a legal entity distinct from its owners. This ensures continuity and protects the assets of the owners (i.e. the shareholders) from the liabilities and debts of the corporation.

Except where shareholders are professionals who are always responsible for their own negligence [here I'm going to throw in examples of lawyers, construction and accountants, etc.], the liability of corporate shareholders is limited to the amount of their investment.

A corporation has advantages in raising capital because of greater access to investors. [not applicable here]

Ownership is transferable and inheritable — the corporation doesn't fold if its owners change or die.


The key words above are "A corporation is a legal entity distinct from its owners. This ensures continuity and protects the assets of the owners"

So, professional gross negligence aside...in the event something were to happen, the officer's personal assets are safe. And I think that is what some people were worried about.

Yippee!!!
 
Old 12-11-2003, 06:32 AM
  #14  
Johnny Bravo
Guest
 
Posts: n/a
Default

Grrr....that's me up above....Bonnie. Friggin hubby snuck on the computer when I wasn't looking. LOL
 
Old 12-11-2003, 04:13 PM
  #15  
Registered
 
hellfish's Avatar
 
Join Date: May 2001
Location: Ontario, NY
Posts: 39
Likes: 0
Received 0 Likes on 0 Posts
Default

Bonnie,

Wow, you do a great job on researching! Thanks for all your hard work. The next board meeting date is January 27th. It's at Tom and Sandy's house at 7 pm. Hope to see you and Johnny Bravo there.

Colleen
hellfish is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Sick Stinger
General Boating Discussion
98
10-05-2007 02:39 PM
bglz42
General Boating Discussion
55
03-31-2006 12:51 PM
iamfaster
General Q & A
12
08-01-2005 03:10 PM
Interceptor
General Q & A
1
04-08-2003 05:52 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Quick Reply: Based on meeting comments


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.