| Art - Promised Gifts - Obstacles |
|
| If an object (or money) has been promised to a museum and if the gift is not completed, does the museum have any recourse? Enforcing such promises is usually difficult because of a lack of what is called "consideration." More... |
|
|
| THEATRE: RAISING MONEY TO PRODUCE A PLAY OR MUSICAL, FEDERAL SECURITIES LAW IMPLICATIONS |
|
| An interest in a limited liability company is considered to be a security. Under the Securities Act of 1933, a public offer to sell securities in interstate commerce has to either be registered with the Securities and Exchange Commission or has to qualify for an exemption to the registration requirements. More... |
|
|
| THEATRE: COMPANY MANAGER |
|
| A company manager of a theatre or a production is not to be confused with the general manager, although in certain circumstances (for example, in smaller theatres) their duties may overlap. A company manager may be responsible for conducting the show's daily business activities. More... |
|
|
| Art -- Outgoing Loans -- Duration and Returns |
|
| As a rule, the basic authority to make loans resides in a museum's board of trustees. The board may retain the exercise of this authority or, barring specific legal restrictions to the contrary, may delegate and redelegate its exercise. Complete delegation, however, without guidance and oversight, is not in accord with normally accepted trust responsibility, and a museum's board will want to assure itself that policies and review procedures clarify who has the authority to make certain loans and what records must be maintained. If delegations are clear and adequate records are kept, effective oversight is possible. More... |
|
|
| THEATRE: BOX OFFICE STATEMENTS AND WRAP SHEETS |
|
| There are important reasons to keep accurate records and a running tally of the production's profits and losses. More... |
|
|