FairShares Association Model Articles
From FairShares Wiki 3.x
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.
Possible Legal Personalities for FairShares:
See Also:
