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(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.
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