La Finka - Research - Org Structure
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tags:: #research
owner:: @Niko
status:: #status/root
Corporations are the most powerful ORGanisms within society. How can we form one that facilitates altruistic missions and goals aligned with the community it is connected to?
The Corporate Organism
Possible Options
- Private Member Association (PMA)
- Decentralized Autonomous Organization (DAO)
- Church - 608c3
- Non-Profit - 501c3
- LLC
Goals of Entity
- Community Building
- Resource Sharing, Research, Process Exploration, Community Sales
- Sustainable Design Example in the high Desert - Permaculture / Design
- Events - Moon Boom, Banana Rodeo, Film Screenings, Other
- Managing a community center with decentralized decision making ( Automation of administration )
- Workshops
- Experimentation in management of a common good & resources using DAO
Ideas
- Membership signed to attend event
- One Time Signature
- Q:: Can this also be linked to liability waiver - Bananas Are Dangerous
- Event attendance dues in place of tickets
- Still maintain Suggested Dues & Supporter Dues
- Paying these can grant you an NFT token for the event.
- Hybridized Model
- Non-Profit for charitable activities
- For-Profit for ventures that are commercial in nature
Private Membership Association
A legal Structure based on private contracts among members allowing for self-governance, privacy and limited regulation.
Summary
Incorporation
- Q:: Can a PMA be incorporated into a DAO?
Membership Agreement - Purpose of organization
- Rights of members
- Responsibilities of members
Bylaws - Govern the operations including decision-making processes and leadership roles.
DAO
A blockchain-based entity governed by smart contracts, enabling decentralized decision-making and transparency. Members participate through tokens or other blockchain-based mechanisms.
Summary
Smart Contacts
- Automation of governance processes
- Voting
- Fund allocation
- Membership management
Tokenization - Issue tokens to represent membership
- Voting rights
- Access
Transparency - Utilize blockchain technology to ensure transparency and immutability of records, enhancing trust among members
Benefits - Hot for Fundraising
Non-Profit
A legal entity created and operated for charitable, educational, scientific, literary, or other socially beneficial purposes, rather than to generate profits for its owners or shareholders. NPOs are exempt from paying federal income taxes, and their primary goal is to serve a public or social benefit, rather than to distribute profits to individuals.
Summary
Benefits:
- Tax-Exempt Status: As a non-profit, the PMA could qualify for federal and state tax exemptions, which is beneficial for fundraising and receiving donations.
- Public Credibility: Non-profit status can enhance credibility with the public and potential donors.
- Eligibility for Grants: Increases eligibility for public and private grants.
Weaknesses:
- Regulatory Requirements: Non-profits must adhere to strict state and federal regulatory requirements, including public disclosure rules which may conflict with the privacy typically associated with PMAs.
- Complexity in Management: Managing a non-profit requires strict adherence to laws regarding governance, finances, and operations, which can be more complex and bureaucratic.
Governance
- Bylaws -
- Conflict of Interest Policy
Form a board of directors
- Committed individuals within the community
- Incorporator
- Directors
- Officer - President, Secretary, Treasurer
Church
ToDo:: Write This
Summary
For-Profit Entity (LLC)
ToDo:: Write This
Summary
Benefits:
- Operational Flexibility: An LLC offers more flexibility in the management and operation of the association than a non-profit, without the specific constraints tied to non-profit governance.
- Privacy: Fewer disclosure and reporting requirements allow for greater privacy, which might align well with a PMA's objectives.
Weaknesses:
- No Tax Exemptions: Profits are subject to taxation, and contributions to an LLC are not tax-deductible for donors.
- Perception Issues: Being a for-profit might deter potential members or partners who prefer associating with non-profit or purely charitable organizations.