[Foundation-l] Latest board resolutions

[Ray Saintonge]

Alison Wheeler wrote:

>>>>>A company that leases
>>>>>servers may easily give in to legal challenges or other backhanded
>>>>>threats.
>>>>>          
>>>>>
>Can I just clarify for people who may not be aware of such things, but
>there are *two* basic forms of leasing.
>
>One is where the company 'selling' the equipment provides the leasing
>facility, such that the equipment remains the property of that company
>during the lease (basically what has been discussed)
>
>The other is a Finance lease, where you 'buy' the finance separately, use
>that finance to pay the equipment supplier and own the equipment yourself,
>subject to payments to the bank or other provider of the finance.
>
I don't see the latter definition as applicable.  It's a question of why 
we would consider leasing in the first place.  The latter is more suited 
to companies with a cash flow problem, or where there are tax motivated 
considerations.  For us, the underlying motivation is asset protection.

Ec