EFTA01029392.pdf

From: Lawrence Krauss To: J <[email protected]> Cc: Lawrence Krauss Subject: Re: bank info. Origins Project Foundation Date: Fri, 15 Feb 2019 16:33:25 +0000 Attachments: conflictinterest.docx Hi.. we talked about something a bit different. I actually created something not that different from this at CWRU when I was there.. We had an IRS approved non-profit that supported education opportunities for masters students and a related for profit that helped these same students create companies. In this case things are much more separate. The LLC runs a podcast in our studio and video production co, the non-profit does public panel events at a theater in Phoenix and arranges travel excursions. The two things the companies do are different. The two are separate. They have separate boards, etc.. Moreover, we are quite explicit about any relationship, and have a clear conflict of interest policy which we also sent to the IRS. Lawrence M. Krauss President, The Origins Project Foundation Host, The Origins Podcast Professor School of Earth & Space Exploration and Physics Department,ASU www.lawrencemkrauss.com www.theoriginsprojectfoundation.org On Feb 15, 2019, at 3:08 AM, J [email protected]> wrote: I thought we talked about this, foundation and for profits. . I cannot be involved in this at all. !!! there are a myriad of regulations that prevent and protect from doing exactly this. I am very good at this and know of no real way that works. you are taking charity and trying to make money in the other pocket. it is a prescription for a long sentence On Thu, Feb 14, 2019 at 8:45 PM Lawrence Krauss < > wrote: also, fyi.. THe origins project LLC will run the podcast. It is a for profit company.. we have leased a space we are turning into a studio. We have leased it for 18 mos at $1600/mo.. Set up costs so far have been about $20K.. I expect initial costs to be about $40K. Besides me and the Holwerda brothers, I have just taken in two other investors, John Edwards and Rob Zeps, who have put in $30K apiece for a 7.5% share in the company, which will allow us to startup without depleting my own depleted resources. We anticipate first tapings in early march, and hopefully going live, with audio for free and video available upon donation by april sometime. If we get 20K subscribers, which seems reasonable given my 800K followers on twitter and facebook, we should gross upward of $480K in the first year, so these investors should hopefully recoup much of their investment after a year. or so. On Feb 14, 2019, at 1:41 PM, J <[email protected]> wrote: EFTA01029392 Need full biz plan On Thu, Feb 14, 2019 at 4:32 PM Lawrence Krauss < > wrote: where are you now? Account Name: The Origins Project Foundation Account Number: ACH Routing Number: Bank Wire Routing Number is: Swift Code for US Currency is: Lawrence M. Krauss President, The Origins Project Foundation Host, The Origins Podcast Professor School of Earth & Space Exploration and Physics Department,ASU I twitter.comAkrausst I www.lawrencemkrauss.com www.theoriginsprojectfoundation.org please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved Lawrence M. Krauss President, The Origins Project Foundation, Host, The Origins Podcast EFTA01029393  Professor School of Earth & Space Exploration and Physics Department, ASU twitter.com/Lkraussl J www.lawrencemkrauss.com www.originsproJectfoundation.org please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01029394