Dear all We have been going over the Legal Memorandum conducted by Sydley and Adler&Colvin dated May 3, and we have some (I believe easy) preliminary questions to ask regarding the creation of an unincorporated SO/AC. 1. It is stated in the report that the new association would have to file a statement with the California Secretary of State indicating some information, in order to establish a record with regulatory authorities of the unincorporated association's existence. The question is whether this inscription in the record is subject to any fee, and if yes, the amount of that fee. 2. In addition, would this unincorporated SO/AC be subject to the payment of any kind of taxes, duties, tariffs, charges, rates or tributes? I guess that is not the case, since it would have no economic activity, but just to be sure. 3. Last, would the unincorporated SO/AC have any duties regarding administrative burdens or periodic obligations, such as the handing over of some kind of annual balance or activity report? In other words, are there any legal obligations regarding the need to demonstrate that the association is active? May I kindly ask the legal team / Counsel to answer these questions? Thank you and best regards, Rafa GAC_SPAIN Rafael Pérez Galindo S. G. de Servicios de la Sociedad de la Información Secretaría de Estado de Telecomunicaciones y para la Sociedad de la Información MINISTERIO DE INDUSTRIA, ENERGÍA y TURISMO * c/ Capitán Haya, 41 Pta. 6ª Despacho 6.10 (28020 Madrid, España) ' +34 91 3461544 Ê +34 91 3461577 * rperezga@minetur.es<mailto:rperezga@minetur.es> [cid:image001.png@01D08D9F.866D7060] Este mensaje se dirige exclusivamente a su destinatario y puede contener información privilegiada o confidencial. Si no es Vd. el destinatario indicado, queda notificado de que la lectura, utilización, divulgación y/o copia sin autorización está prohibida en virtud de la legislación vigente. Si ha recibido este mensaje por error, le rogamos que lo destruya y notifique el hecho a la dirección electrónica del remitente. This message is intended exclusively for its addressee and may contain information that is CONFIDENTIAL and protected by a professional privilege or whose disclosure is prohibited by law. If you are not the intended recipient you are hereby notified that any read, dissemination, copy or disclosure of this communication is strictly prohibited by law. If this message has been received in error, please immediately notify us via e-mail and delete it.
