Gov Legal Finance
Priorities[edit | edit source]
2015-09-17[edit | edit source]
- 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[edit | edit source]
- Viva la Liberland! (thank you guys for inspiration)
Ownership[edit | edit source]
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.
Attributes[edit | edit source]
Flag[edit | edit source]
- 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[edit | edit source]
- 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[edit | edit source]
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
Currency[edit | edit source]
Proposals[edit | edit source]
- 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[edit | edit source]
__ Norwegian Krone
__ Swiss Frank
__ Chinese Yuan
__ Polish Zloty
__ 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[edit | edit source]
- 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[edit | edit source]
- Low maintenance
- Low tax (tax-efficient)
- Law of the Land
Legal structure[edit | edit source]
- Delaware Corp (might make it easier when raising money, see Investors)
- Public Benefit Corporation
Considerations[edit | edit source]
- United Arab Emirates
- Monaco / Cayman Islands / Isle of Man / Gibraltar see also: https://en.wikipedia.org/wiki/Tax_haven
Legal[edit | edit source]
- 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.