Monday, June 21, 2004
Bank Account Open + Legal Appointment + Booking Method
Our Wells Fargo Small Business Checking Account is now open. It took 3 weeks, but it's done and we'll have our checks in about 10 days. It has been funded with our credit card, so our online access information is in the mail and will arrive in 3-4 days. At that point we will be able to link it to paypal and use it to start our accounting system using Peachtree.
I have an appointment tomorrow to see Jerry Holderead (a professor of mine who has become our lawyer) and leave Jamin's contract to be re-written. After talking to Clint and agreeing that it is possible to use the tools we have to set up a system of booking agents, I will also have Holderead draw up the contract that can be agreed to online by perspective agents.
Clint and I discussed the creation of a fairly simple program that would track the shows booked for each artist and reject the shows outside of the bounds of the contract, but there are still several questions to answer with this idea of a system of agents:
1. How do we verify their information when they sign up?
2. If they are liable for the minimum revenue for a concert how do we collect?
3. What is the best way to receive and distribute payments (what will our cashflow charts look like)?
4. How can we recruit, train, and monitor people we've never met and may never see?
I have an appointment tomorrow to see Jerry Holderead (a professor of mine who has become our lawyer) and leave Jamin's contract to be re-written. After talking to Clint and agreeing that it is possible to use the tools we have to set up a system of booking agents, I will also have Holderead draw up the contract that can be agreed to online by perspective agents.
Clint and I discussed the creation of a fairly simple program that would track the shows booked for each artist and reject the shows outside of the bounds of the contract, but there are still several questions to answer with this idea of a system of agents:
1. How do we verify their information when they sign up?
2. If they are liable for the minimum revenue for a concert how do we collect?
3. What is the best way to receive and distribute payments (what will our cashflow charts look like)?
4. How can we recruit, train, and monitor people we've never met and may never see?
