 |
Area Creative Enterprise LLC
Artwork of the Volcano Triangle
The Area Creative Enterprise LLC (ACE LLC) was formed by residents of
the Des Moines, Capulin, and Folsom communities as well as the
surrounding area. Its purpose is to provide an organization which can
act to further the interests of the group in such areas as business,
banking, real estate dealings, and storefront operations as may be
required to increase the exposure of area artwork to the public.
The focus of the organization is to provide ways and means to present,
display, and market artwork and other creative output from area
residents. Members and products from outside of the area are also
welcome so long as their inclusion serves to further the goals of the
organization.
Page hits =1930
since 7/03/04
|
|
|
Reference
News
ACE, LLC Operating
Agreement
Meeting Minutes
Bank Account History and Balance
Lease
Agreement with M & M Inn
New Mexico Limited Liability Company (LLC) Act - Rules & Regulations
Join the Club!
You can be a member of ACE, LLC!
Sell your Art
Are you an artist? Do you need an outlet for
your work? Let us sell it for you!
News
August 17-18, 2004
A bank account has been established at
Wells Fargo bank in Raton in the name of Area Creative Enterprise,
LLC. A third prospective member has contributed $60 to the
LLC. At the next meeting, it is hoped that several new members
will be voted into the LLC.
The managers have tentatively agreed to change the fee structure as
follows: $20 registration fee, $20 per month thereafter. Those
already having contributed money shall have any extra amount applied to
monthly fees for the next few months. This ruling shall be voted
upon in the next meeting.
August 16, 2004
The LLC management has voted to open a
bank account in the name of Area Creative Enterprise, LLC at Wells
Fargo.
July 27, 2004
The LLC has applied for a "Federal Tax
ID / Employer Identification Number" (EIN) online. A provisional
number has been assigned - this will be the official
number unless some problem is found with the application.
July 26, 2004
The official registration papers have
been received from The New Mexico Public Regulation Commission.
July 21, 2004
The New Mexico Public Regulation
Commission has entered ACE, LLC into their website database -
click
here to view the information.
July 5, 2004
Betty Short and Mike Schoonover have mailed registration papers to
the New Mexico Public Regulation Commission
to form the company "Area Creative Enterprise, LLC". After receiving
the Certificate of Organization,
other members will be accepted into the company and new managers will
be elected.
Meeting Minutes
September 14, 2004 6:00 pm
Seven new members officially voted into
the LLC... New management team voted in... Name for Gallery
decided upon... Registration fee dropped... Commission for
non-members decided upon... Decision made to rent space from the
M&M Inn for the gallery...
more>>
August 16, 2004
The LLC management has voted to open a
bank account in the name of Area Creative Enterprise, LLC at Wells
Fargo...more>>
June 30, 2004
Managers/Members Present:
Betty Short, Genie Logan, Christina Boyce, Jaecke Daniel, Willard
Louden, Sharon Montoya, Mike Schoonover
Guests: Louie McGinnis
Louie McGinnis of Quest Realty
??? , a member of an exisiting art co-op
It was decided to form an LLC and open a bank account for the group
using the name Area Creative Enterprise
(ACE). Mike Schoonover volunteered to research and carry out this
directive.
Mr. McGinnis offered to rent the bottom floor of the cinderblock two
story cafe in Des Moines to ACE for $475 per
month to be used as the "Gallery". He later agreed to lower this amount
to $400 for an initial period
of time. Christina Boyce will be renting the upstairs portion. Mr.
McGinnis may build a storage building behind
the rental building to house his collection - ACE may help him sell it
in return for half of all proceedings.
It was suggested that ACE allow members to join with a startup fee of
$60 and a monthly fee thereafter of $20.
Members would sign a one year agreement promising to pay the monthly
fee during the term of the agreement. Members
would be allowed to display their goods in the Gallery for a very
minimal percentage of proceeds from the sale
of such goods - 1% - 5% of the gross proceeds. Non members would have
to pay a $10 fee per month to display goods
plus pay the Gallery 35% of the gross proceeds from the sale of such
goods.
It was decided that the LLC will have managers to conduct business in
the name of the LLC.
