School Operations/Finance/Infrastructure. During Licensee’s start-up phase, the CWC Network plays a primary role in assessing financial viability of the CWC Network’s model, setting up the regional corporate structure, and undertaking additional operations, legal and financial tasks. The CWC Network: • Assesses revenue of region to understand the financial viability of the model. • Develops School budget as part of the chartering process. • Initiates facility conversations with local experts. • Engages legal counsel and support to advise on the charter application, Licensee’s corporate formation and tax-exemption. • Sets up corporate structure and undertakes initial federal, state and local regulatory filings. • Applies for payroll tax identification numbers, both federal and state. • Sets up Directors and Officer’s insurance to protect Licensee’s directors and officers. • Establishes local bank accounts. • Oversees the development of the operating budget. • Provides zero interest start-up financing. • Vets vendors and makes recommendations to Licensee’s board. • Provides Licensee’s board and leadership with Human Resource support, including hiring paperwork, payroll, etc.
School Operations/Finance/Infrastructure. The CWC Network will continue to support Licensee’s operations by providing critical oversight and materials the Schools’ can use to communicate school policies. In this area, the CWC Network: • Performs financial oversight over Licensee and the Schools to ensure (i) that strong financial controls are in place and (ii) overall financial health. • Continues to vet and recommend vendors. • Shares best practices to increase Licensee’s operational efficiency. • Supports Licensee’s leadership in creating their strategy for future growth. • Provides Licensee with an operations toolkit, which may include, for example, model handbooks, manuals and guides to support internal and external and communication on school policies. • Provides Licensee with logos and website support.
School Operations/Finance/Infrastructure. The CWC Network will continue to support Licensee’s operations by providing critical oversight and materials the Schools’ can use to communicate school policies. In this area, the CWC Network: • In the discretion of the CWC Network and subject to available funds, provides and/or assists in the acquisition of no interest or below-market rate financing to address cash flow or other financial hurdles. • Performs financial oversight over Licensee and the Schools to ensure (i) that strong financial controls are in place and (ii) overall financial health. • Continues to vet and recommend vendors. • Shares best practices to increase Licensee’s operational efficiency. • Supports Licensee’s leadership in creating their strategy for future growth. • Provides Licensee with an operations toolkit, which may include, for example, model handbooks, manuals and guides to support internal and external and communication on school policies. • Provides Licensee with logos and website support.
