1Step 1: Create Your NAME for your Foundation
Example: Beetrot Foundation
Step 2′: Foundation Articles of Association Document for your Management Team set up, Email email@example.com
Step 3: Bring it to life with a settlement sum of $16.99 silver to the trustee (your trusted friend) paid in cash.
Write a receipt for the amount an keep safe with your Articles of Association.
Step 5: Set up Phone Number
Step 6: Set up a physical address and a post office box
Step 7: Set up a secure email address. Options like protonmail is good. firstname.lastname@example.org
Step 8: Management Volunteer roles to be documented with roles & responsibilities criteria.
Step 9: File your foundation and set up information in a folder.
Step 10: Features of the Foundation free from jurisdiction of Australia/NZ and ATO, Bank privately, NO Tax filings, Legal and lawful, asset protection entity, receive contributions for services.
Step 11: Set up Bank Account go to the bank and ask to setup an UNINCORPORATED bank account. They will look at you strange but you persist. They will say you need a business number, but you don’t for a foundation. Push forward and set up account in foundation name with two participants as signatories.
Step 12: Set up Projects community services projects, humanitarian projects and you will receive contributions (not income) for your services. Do not add GST to any Invoices. Do not issue invoices unless you have to. Do not charge GST as you are not a tax agent. Do not employ staff, you have volunteers who you pay cash for out of pocket & living expenses. Use a bookkeeper to do the basic accounting (not an accountant, as they are trained to collect tax). You are set to do community services business and receive contributions.
Step 13: Business Status looks like this….Beetrot Foundation dba (doing business as) Beetrot Project, A community based service, not for profit, unincorporated, non-government-organisation.
Step 14: Set up a website to reflect your foundation and its intentions.
For more information Email email@example.com