Gov Legal Finance

= Priorities =

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 =

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.

Flag
CONFIRMED


 * Story of the creation: all waste material, one day, one man, one tool (black duct tape)
 * One side gold, one side silver.
 * As in 'space blanket'
 * Gold and silver also symbolises 1st and 2nd place because genesis is the best country (and it is so good it claims 2nd at the same time, just like [| Chuck Norris])

Coat of arms
NOT CONFIRMED


 * I have your artwork at my wall... It's beautiful, full of meaning, simply perfect.
 * I would like to use your spectacular design - flag is taken (thermal blanket) - coat of arms, official stamps and emblems of various government departments are still available... Ministry of Truth? Ministry of Freedom? Ministry of Happiness? Take you pick, create future with me :)
 * Note: I'm mindful when quoting email conversations, especially with people who appreciate privacy. Related: Everything In Public.

Anthem
PROPOSALS / INSPIRATION
 * Dialup modem: https://www.youtube.com/watch?v=gsNaR6FRuO0
 * John Lennon - Imagine: https://www.youtube.com/watch?v=RwUGSYDKUxU
 * UEFA Champions League theme song - https://www.youtube.com/watch?v=BgomX3qD-iA

Proposals

 * 1 unit
 * 1 value
 * 1 love
 * 1 karma
 * 1 unit of monetary value (UMV)
 * 1 om (almost like UMV)
 * I kind of like "units of monetary value" (explaining precisely what it is and it does)

Ingredients
100$

100£

100€

__ Norwegian Krone

__ Swiss Frank

__ Chinese Yuan

__ Polish Zloty

__ BTC

__ ounces of Gold

__ Brazilian Real

__ Indian Rupees

In other words: 1 unit of monetary value (UMV) will contain all of the above.

UMV will be exchangeable.

Thinking about Gold Standard - https://en.wikipedia.org/wiki/Gold_standard - and how much genesis.re actually can spend?

The only case where reserves can be taken - imminent cataclysm on planetary scale.

Country Of Incorporation

 * In the initial years location is very likely to be Portugal, see also Vision.
 * Hoverer, the mothership can be incorporated somewhere else with the subsidy registered in Portugal.
 * No idea guys - I'm a computer programmer - the only 2 companies (Mars Karma and Michal Stefanow) were incorporated in the UK.

Criteria

 * Low maintenance
 * Low tax (tax-efficient)
 * Stability
 * Law of the Land

Legal structure

 * Charity
 * Trust
 * Non-profit
 * Delaware Corp (might make it easier when raising money, see Investors)
 * Public Benefit Corporation
 * http://www.nytimes.com/2015/09/21/technology/kickstarters-altruistic-vision-profits-as-the-means-not-the-mission.html

Considerations

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

=Legal =
 * There are Core Values that should capture 90% of cases.
 * The remaining 10% - every specific issue should have 1-page GoogleDoc written in plain English with no shenanigans.
 * If something is even more complicated - establish a better process (not solving problems that hasn't occurred yet)
 * At all times we assume other party adheres to Core Values - we actually we may want other party to sign them. Example: we are choosing vendor for solar panels. Although many businesses are created purely for profit we would prefer if their actions and services were driven by love.
 * Contracts are in place to protect us - we are not afraid of signing documents. This is not ill will - this is piece of mind. Ensuring everything is in place and no matter what each party is protected.

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