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How to set up a foundation
1. To establish a foundation, you need to follow the following procedures?

1, decide the purpose of the foundation. Every foundation should have a paper purpose to express its reason for existence.

2. Set up a committee. The initial board will help the working team to turn the ideas behind the foundation into reality through planning and financing. With the development and maturity of the foundation, the nature and composition of the board of directors will also change.

3. Draft articles of association. The articles of association are the operating rules of the board of directors, which should be adopted by the board of directors in the early stage of foundation development.

4. Prepare the original funds needed for registration. The original funds must be the received monetary funds.

5. Select the competent business department and obtain the documents approved by the competent business unit. According to the latest policy, some areas don't need to find a business department.

6. Find office space and recruit suitable employees.

7. Fill in the application for legal person registration, determine which civil affairs department to register in, and submit the application for legal person registration to the civil affairs department. The civil affairs departments of the State Council and the people's governments of provinces, autonomous regions and municipalities directly under the Central Government are the registration management organs of the Foundation.

8. Carry out strategic planning. The strategic plan expresses the vision of the foundation's potential. Strategic planning should describe the necessary steps to realize this potential, decide what kind of work team is needed to realize this opportunity, and determine the project and operational priorities for at least one year.

9. Make budget plans and resource development plans. Financial supervision and resource development (such as raising funds, obtaining income and absorbing membership fees) are the most important duties of the Council. The budget and financial plan must clearly describe the resources needed to realize the strategic plan.

10. Establish the filing system of foundation official documents. Registration documents, minutes of board meetings, financial reports and other official documents shall be properly filed.

1 1. Establish an accounting system. Due diligence management of foundation finance needs an established accounting system that can meet current and future needs.

12. Submit an application for tax reduction.

Two, individual fundraising behavior can set up a foundation.

1. According to the different ways of raising funds, funds can be divided into Public Offering of Fund and private equity funds. Public Offering of Fund refers to a fund that can be sold to the public; Private equity funds refer to funds that can only be raised and sold to specific investors in a non-public way.

The public offering fund mainly has the following characteristics: the fund share can be publicly offered and recommended to the public, and the target of raising funds is not fixed; Low investment requirements, suitable for small and medium investors to participate; Must abide by the laws and regulations of the fund, and accept the strict supervision of the regulatory authorities.

2. Compared with Public Offering of Fund, private equity funds can't be sold and promoted publicly, and the amount of investment funds is high, which often has strict restrictions on the qualifications and number of investors. Compared with Public Offering of Fund, which must abide by strict fund laws and regulations and need strict supervision by the regulatory authorities, private equity funds have greater flexibility in operation and are subject to fewer restrictions and constraints.

3. It can not only invest in derivative financial products, buy short and sell short, but also speculate on exchange rate and commodity futures. The investment risk of private equity funds is relatively high, mainly aimed at the wealthy class with strong analysis and tolerance.

Extended data:

1. A public offering foundation refers to a foundation that raises funds for the public. According to the definition in Article 3 of the General Provisions of the Regulations on the Administration of Foundations adopted at the 38th executive meeting in the State Council on February 4th, 2004, foundations can be divided into public offering foundations and non-public offering foundations that are not allowed to be offered to the public. According to the geographical scope of fundraising, public offering foundations are divided into national public offering foundations and local public offering foundations.

2. In 2004, Article 3 of the Regulations on the Management of Foundations promulgated by China defined public offering as raising funds for the public. According to the geographical scope of fundraising, public offering foundations are divided into national public offering foundations and local public offering foundations. For publicly funded organizations, resources come from voluntary donations from the public, which is not mandatory in the financial mechanism and not transactional in the market mechanism, but determined by the public's willingness to donate.

3. Simply put, the credibility of a public offering foundation means that the public offering foundation publicly explains the flow of various resources obtained by the institution, and explains whether various operations are effective and conform to the purpose and social commitment of the institution, so as to prove that it is a reliable institution.

References:

Basic Baidu encyclopedia