(I have disabled comments over there to centralize discussion here)
Insomuch as there is an organizational structure/persons/people (which is to say, uh, me), I personally envision it as a co-op type organization, where people can buy into the company (payout would be like paid accounts or such) but also have free accounts. So basically it is a for-profit organization, but only so much profit can be paid out and the rest has to be plowed back/reinvested into the org.
I considered a B corp, but it still didn't feel quite right, because corporations of all sorts exist to make profits first and foremost, even if they're required to give back in the charter. Co-ops exist for the benefit of their members, and are self-sustaining in a way non-profits aren't.
Please keep in mind this is all incredibly elaborate spitballing and I am not a lawyer, so I might be getting some of the details wrong. But based upon what I know this seems feasible.
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branchandroot
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Date: 2018-12-16 05:06 pm (UTC)Insomuch as there is an organizational structure/persons/people (which is to say, uh, me), I personally envision it as a co-op type organization, where people can buy into the company (payout would be like paid accounts or such) but also have free accounts. So basically it is a for-profit organization, but only so much profit can be paid out and the rest has to be plowed back/reinvested into the org.
I considered a B corp, but it still didn't feel quite right, because corporations of all sorts exist to make profits first and foremost, even if they're required to give back in the charter. Co-ops exist for the benefit of their members, and are self-sustaining in a way non-profits aren't.
Please keep in mind this is all incredibly elaborate spitballing and I am not a lawyer, so I might be getting some of the details wrong. But based upon what I know this seems feasible.