I am doing some research on the legal structure suitable for myKART.... should we go with a Society / Club / Assoc structure or an Enterprise / Sdn Bhd structure?
Bear in mind objectives are to organise karting / motorsports events, gain sponsorship & retain commercial rights to promotion etc. The entity must be self funding in order to benefit members by:
[*]providing members with affordable social karting activities at all levels
[*]focussing on grassroots and to lower the barriers to entry into motorsports
[*]providing members with driver development programmes
[*]helping members progress into other higher forms of motorsports - be it open-wheel / production cars circuit or otherwise
[*]talent management & sponsorship deal making
[*]junior driver search & development
I would like to invite members in this open forum. From there we shall form the protem committee and work in more detail in regards the formation of the myKART entity.