prospectacle writes:
"An important choice remains for this site. What kind of organisation will we be, practically, legally and financially?
A for-profit, shareholder corporation seems out of the question, by general consensus (correct me if I'm wrong), but other questions remain. The basic choice is this:
Will we be like a charity, a co-op, or a recreational club?
This is a gross simplification, but gives some idea of the options involved. Feel free to offer alternatives. So what should we be, what is our purpose, really? And what kind of a structure is required to make sure we serve that purpose, and that money doesn't end up in the wrong pockets?
Bonus question: which jurisdiction should we set ourselves up in to fulfil our mission most effectively?"
(Score: 2, Interesting) by mwvdlee on Wednesday March 12 2014, @12:30PM
+1 for "recreational club".
The rest just feels like a lie.
Sure it may be legally okay to take on one of the other forms, but these forms really weren't intended to be used as such.
Do we want to be a community that is legally sound or morally sound?
(Score: 4, Funny) by Anonymous Coward on Wednesday March 12 2014, @12:37PM
+1 for morally sound 3D surround.