Showing posts with label financing. Show all posts
Showing posts with label financing. Show all posts

Saturday, August 23, 2008

Appointment with the bank - Rendez-vous à la banque

I made an appointment for next Saturday to open up a dedicated bank account - one of the key first steps to starting a business here in France. The bank told me they need four things from me.
  1. Projet de statuts (official paperwork for the business)
  2. Pièces d'identité (Proof of identity like passport or resident card)
  3. Justificatifs de domicile (Proof of residence from the town)
  4. Dépot du capital (Initial capital for the business to be put in the account)

A good lawyer friend was really helpful with the paperwork for the projet de status but it is taking me a bit longer than I had planned to gather up all the paperwork - including proof of marriage. I will likely pay someone to handle all the paperwork once I have everything checked off the list.

Friday, December 28, 2007

The car and my wife / la voiture et ma femme

My wife has been wonderful supporting my plans to build this network. I've mentioned in earlier posts that my two goals of the project are (1) learning everything I can about building these networks and (2) having an open access fiber connection to my home. I'm much less concerned about getting initial investment back.

My wife agreed to let me shift some money away from a car fund that we keep and use it for putting in the conduit. That has been the plan all along and the money is sitting there waiting for when the residence does the road work.

Then the car problems hit.

It's not that we haven't seen the problem coming. Our car has nearly 250'000 KM and now things are starting to go. We have had the car towed twice in two months and she's had to taxi back with the rest of the family from where they were stranded. It started to look as if we'd have to actually use the money for the car.

Things worked out though and we were able to buy a used car for less than half the money of a new one. We picked it up last weekend after buying it from a friend's family. That means that we will still have money available for the conduit and now have a more reliable car.

Crisis averted.