Gov Legal Finance

2015-09-17

 * Need to establish legal way of accepting money
 * Accept 100$ as in "seriousness test" that will pay for GoogleApps for Business account for 2 years. See Relationship with Google and New Members Starter Kit.

Governance
There are Core Values.

Every specific issue should have 1-page GoogleDoc written in plain English with no shenanigans.

At all times we assume other party adheres to Core Values.

Contracts are in place to protect us.

Ownership
genesis belongs its members

We will allow some shares to be available for Investors (allocated pool, avoid dilution)

I suggest we operate just as a startup and seed round, series A...

The idea is to prove the model and then expand to other locations, see 10 Year Vision (and that is why serious is money will be required)

In the short run - Recruitment Agency - doesn't require much initial investment, I can use 'social capital' I already have and take advantage of 20+ years in Krakow and 4.5 years in the UK.

Country Of Incorporation
Note: in the initial years - see Vision - location is very likely to be Portugal.

Criteria

 * Low maintenance
 * Low tax
 * Stability

Legal structure

 * Charity
 * Trust
 * Non-profit
 * Delaware Corp (might make it easier when raising money, see Investors)

Considerations

 * UK
 * US
 * Portugal
 * United Arab Emirates
 * Switzerland
 * Monaco / Cayman Islands / Isle of Man / Gibraltar see also: https://en.wikipedia.org/wiki/Tax_haven

Finances

 * Recruitment Agency
 * Relationship With Money
 * Wealth Abundance Prosperity
 * Finances of genesis will be shared openly as in Everything In Public

Ideas worth exploring

 * Loomio
 * DemocracyOS
 * Liquid Democracy
 * Shamir's Secret Sharing (100 parts of the private key - 51 pieces required to unlock the master key and make a decision)
 * http://jenniferlynmorone.com/
 * http://bitnation.co/ (so much inspiration out there)
 * https://en.wikipedia.org/wiki/Holacracy
 * https://en.wikipedia.org/wiki/Decentralized_autonomous_organization
 * https://www.noisebridge.net/wiki/Consensus_Process
 * See also Technology (we employ technology so it will serve us)