Difference between revisions of "FairShares Association Model Articles"
From FairShares Wiki 3.x
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| − | You can | + | You can create new FairShares enterprises using Association Law (or as an unincorporated association) using the [https://sites.google.com/view/fairsharesrules FairShares Rules Generator]. |
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| + | FairShares Associations offer membership, not share ownership. | ||
| + | |||
| + | They have: | ||
| + | |||
| + | * [[Founder Member]]s | ||
| + | * [[Labour Member]]s | ||
| + | * [[User Member]]s | ||
| + | |||
| + | Members of each member class has the same governance rights as the members of the [[FairShares Company]], [[FairShares Co-operative|Co-operative]] or [[FairShares Partnership Model Articles|Partnership]], but do not have individual dividend rights. Instead, the [[Founder Share]], [[Labour Share]] and [[User Share]] is paid into a restricted fund that member of that class allocate to the social objects of the association. | ||
| + | |||
| + | The [[Investor Share]] in an association is allocated to social objects by the governing body. | ||
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| − | + | ''See Also:'' | |
| + | |||
| + | [[FairShares Company]] | ||
| + | |||
| + | [[FairShares Co-operative]] | ||
| + | |||
| + | [[FairShares Partnership Model Articles|FairShares Partnership]] | ||
Revision as of 13:08, 1 January 2018
You can create new FairShares enterprises using Association Law (or as an unincorporated association) using the FairShares Rules Generator.
FairShares Associations offer membership, not share ownership.
They have:
Members of each member class has the same governance rights as the members of the FairShares Company, Co-operative or Partnership, but do not have individual dividend rights. Instead, the Founder Share, Labour Share and User Share is paid into a restricted fund that member of that class allocate to the social objects of the association.
The Investor Share in an association is allocated to social objects by the governing body.
See Also:
