MEETING 25/08

Black Habits Project

25 AUGUST 2020 / 7:30 PM - PM / GOOGLE MEET

ATTENDEES

Shani Charles, Nadine Levy, Sam Ross, Chauncey Downer-Hincks

AGENDA

Last Meeting Follow-up

1. N/A

New Business

Bank Account Nadine— 7 mins

• Bank account must be done in person

• Up to three authorized signatories (checks, etc)

• Monthly fee of six dollars

• Every transaction is charged

• 55+ transactions ($1)

• No minimum balance required

• Bank of Nova Scotia

• Articles of association/ bi-laws

• Registrations number in order to take donations

• Are reports required in regards to the registration number?

• Right Size Account for business:

• This would be the best option for us right now.

• Monthly fee is $6.00

• No minimum balance required

• Each transaction is charged (visit: https://www.scotiabank.com/ca/en/small-business/business-banking/business-bank-accounts/right-size-account-for-business.html)

• There is another account for charities. It has a $3.00 monthly fee and a few other perks (https://www.scotiabank.com/ca/en/small-business/business-banking/business-bank-accounts/scotia-community-account-plan.html). We can always switch to that option once we have the CRA Registration# setup.

Updates Shani— 36 mins

• Set up info email account for Black Habits ($6usd per account)

• Work hub starting at $1700, dedicated desk $730

• Four person office $2800

• Office 146 - one month free / 20% off

• Dedicated desk (not private)

• One person office ($550/month)

• Hot desk ($430/month)

• Space to grow, possibility for office upgrade

• Month to month ($59)

• Yearly membership ($49)

• Apply for start-up grant

• Website almost complete, finishing touches

Questions, comments, concerns 3 mins

• Liability insurance

NOTES

• Different types of start up grants

DECISIONS

• Start looking into start up grants and how to apply

• Proceed with 146, decide on option

• One general email

ACTION ITEMS

1. NADINE: write short bio

2. SAM: write short bio, by-laws (2020-28-08) by 9 PM

3. SHANI: look into liability insurance, continue with the website development

4. CHAUNCEY: finalize notes (2020-08-25), write short bio

SIGNATURES

Nadine Levy

______________________________________

Nadine Levy

Samantha Ross

______________________________________

Sam Ross

Shani Charles ________________________

Shani Charles

Chauncey DH

______________________________________

Chauncey Downer-Hincks