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RE: SPS Governance Proposal - Establish a Legal Fund

in #spsproposal3 months ago

Just to be clear, the few years thing is in reference to the overhead it takes to keep the foundation in good standing. Like doing all of it's yearly filings and such. $25,000 isn't going to buy much of any actual legal representation. This is why having qualified legal opinions about creating the foundation is critical to avoid needing legal representation in the future. Having a lawyer on retainer is more or less to have someone to ask for opinions and guidance that will help write or validate the bylaws of the foundation to ensure its set up properly.