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The LLP/LLC "Open" Corporate is IMHO an optimal mechanism for Cooperatives, allowing them to finance themselves simply by selling production forward to "Capital Partner" investors at today's price (or maybe a discount).

In this way they build upon the "Cooperative Advantage" which is that you don't have to pay a return to "rentiers" ie people who make money purely from money, and all things being equal, can therefore undercut either "For Profits" or anyone who borrows at commercial rates.

We had a case in the UK where the local waste disposal commercial companies were pleading to the local authority letting a contract that the "Social Enterprise" who got it had an "unfair advantage".

(to be fair, the authority did favour them, but not on price or quality of service, merely on experience where the anti argument is essentially Catch 22: if you've never had a contract then you are inexperienced and not fit to get one so can never gain experience!)

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Wed Oct 4th, 2006 at 03:36:49 AM EST
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