The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
(Open office is free --should it have an LLP? In fact, what business structure does it have? Ah...questions and my wandering mind...)
I cannae explain it, but somehow people here aren't quite getting it--whatever "it" is. I think they're missing the point and the need for these new structures. I know you've written a lot on this, but what I'd like is something taken from the position of...one of us (Jerome with ET?), not just laying out the legal framework (no more wrappers! I am surrounded by quality street cast offs! ;) but maybe...hmmm...I'm intersted in the in/out flow of assets/credits. You have liquidity through timelapse...assets go in and credits move out, assets move out and credits move in, so there are enough credits and assets to offer a cushion....ach ach achooooo!
Okay, if they are the basic building blocks, why not make a building block called ET? Jerome (it's okay, he's not reading) wasn't against the idea, but he wasn't really for it. However, if these building blocks are...for building on...then if we can't build one here, does that show a limit to the model?
But no! I ask a question and don't understand the answer, so maybe imagine a new online newspaper/magazine/media outfit, high on talent and ideas but low on capitalist money cash. On the web a lot can be done for a lot less moneycash. So...the owner of this outfit has asked you to design an LLP for her...but she doesn't want all that tech. speak. She wants to know
--Why should I do it?
--What kind of structure will I be creating?
--How do assets and credits move in this system?
--No, strike that, she says, you'll start talking about wrappers...
--I know you will
--and then you'll say something involving the word corporate, and that makes me think of business meetings...
Don't fight forces, use them R. Buckminster Fuller.
Let's say a number of people get together to work on a project. Input consists of contributions of differing values, by definition. Some people have more time than others, some have more creativity than others, some have nmore insight than others, some are more methodical than others, some have better contacts than others, and so on.
Each contribution is useful.
Some contributions may be essential.
It may not be obvious which is which. A chance remark from someone on the periphery can turn out to be the key to success.
Let's say the project is successful and income appears.
How should the income be distributed?
Also, what happens if there's no agreement, or the voted distribution doesn't add up?
You have N people - you give each of them 1/N of the total to distribute as they see fit among the other N-1 people excluding themselves.
Each person then gets some assigned fraction of the total.
One can allow for different subjective valuations and payments in kind as well by means of an auction which guarantees everyone gets at least their subjective eveluation of what constitutes their share.
Oye, vatos, dees English sink todos mi ships, chinga sus madres, so escuche: el fleet es ahora refloated, OK? — The War Nerd
by Frank Schnittger - May 31
by Oui - May 30 46 comments
by Frank Schnittger - May 23 3 comments
by Frank Schnittger - May 27 3 comments
by Oui - May 13 66 comments
by Oui - Jun 91 comment
by Oui - Jun 58 comments
by Oui - Jun 256 comments
by Oui - Jun 112 comments
by Oui - May 31114 comments
by Frank Schnittger - May 31
by Oui - May 3046 comments
by Frank Schnittger - May 273 comments
by Oui - May 2742 comments
by Oui - May 24
by Frank Schnittger - May 233 comments
by Oui - May 1366 comments
by Oui - May 928 comments
by Oui - May 450 comments
by Oui - Apr 30273 comments
by Oui - Apr 2666 comments
by Oui - Apr 8108 comments
by Oui - Mar 19145 comments