The company charter, to be named constitution after incorporation, for now, which can always change with majority votes (must be a majority of members, so if enough abstain so that majority vote is less than majority of voters for changing charter, measure fails and must be re-submitted a number of different ways), is what I suggest should be a weighted-average industrial democracy with the following for an initial charter:
1. Profit sharing, done at the beginning of the following month for profit (money left over after costs are paid), is divided by the amount the board members, based on:
A. What you pay in subscriptions plus what you spend on other member’s products and services, measured by payment processor, screenshots, tracking software, etc., where credibility will be decided on by an initiative enforced after a plurality of votes.
B. The subscription plus purchase amount for each member, from above, can be multiplied by the total profit, or the group, by a plurality-wins vote, can agree to take a lesser percentage, say, profit sharing for 75% of profit is redistributed, and the varying amounts are issued to each member by no later than the 15th of the same month
2. Loss distributions, in the event there is no profit, or a loss that is the result of a possible need for financing, the members will vote to take a percentage cut in future revenues to pay off debt. That cut can be a flat percentage to be decided on by plurality of votes among different percentages offered and campaigned on. It can be:
A. A flat percentage, where future profits contributions (unless more losses occur in the future) will request all members take a flat cut in total revenue for the following month, with a one week cloture vote. But if more losses occur the following month:
B. Members can vote, where a plurality wins, on whether to finance against the loss, and on what terms (length of loan, fees, interest rate, etc.) of different options to be explored by different individuals/groups
C. A progressive cut, where different individuals propose that individual self-employed entities, who are more successful based on verified income, pay a higher percentage to help Investor Commune survive against, for what is now unforeseen as worst-case scenario loss in group income, with a one week cloture vote.The proposed private “tax”, as with the flat private tax above, will start with one member’s proposal, something like “the top one-third of earners pay a 1/3 tax, the middle-third are not effected, the bottom third receive the one-third extra income”, not as an entitlement, but as an insurance pay-out, be voted on. Any progressive measure must be approved by a majority of members, not voters. Plurality votes will not be sufficient. The more successful members of the Investor Commune who elect to leave the firm to avoid a progressive cut will always be allowed to do so, but because the charter stipulates the firm provide insurance against losses in business activity, should that member choose to return, the members can vote by plurality to penalize the member if it is clear they were “too individualist” and left at a time when it was convenient for them to do so so, and re-entered when it was convenient, especially if firm becomes more successful in the future. In essence, we are a kibbutz with insurance policies/tracking statistics for everything, not a forced collective like the abomination of Stalin, Zedong, and Pol Pot.
While conservatism is all about uplifting the downtrodden individual, and it works every time it’s applied, there needs to be a backup plan for worst case scenario. Whereas progressivism is said to make people lazy, as a computer scientist, it’s good to be lazy and work smarter, not harder, delegating resources to machines for what will soon be total automation, giving you more time to be innovative and creative, applying your true talents. Those who are the survivors of the school of hard knocks, even with little institutional education, have a lot to offer as many probably were dependent on government money, and want to work at what they are talented at and be much more successful. But a “just in case” last-ditch insurance policy, although unlikely to be needed, prepares you for the ultimate challenge – do not give in to temptation, and let the Gordon Geckos high-jack Investor Commune. If they exploit people elsewhere, those people will rise up as well. That is why I am a centrist, and only moderates can bring peace to the world.
3. Job proposals, for parts and labor, are the responsibility of the member to post a job offered, or respond to a post at the help wanted forum, to solicit work and get revenue from individual forum members who actually pay. There is no mandatory middle-man fee, as is the case with Upwork, Guru, Toptal, Freelancer, with their illegal and very huge charges. The nature of freelancer services is such there will always be indiscretion with these groups charging transaction fees as they are not truly competitive, and forgery/fraud is less likely to be prosecuted more than ever before with high resolution scanners. The benefit of paying subscriptions here is voting and a guarantee each member controls Investor Commune, with advertising helpful in bringing in revenues as well.
There needs to be an agreed upon time limit where bidding ends, and job proposer must decide to terminate job consideration or resubmit. The needed funds go to one of several possible escrow accounts, until minimum needed to complete first or successive phases of a project are transferred to the worker (who may manage or represent a group) else transferred back to contributors if amount does not meet the minimum amount stipulated by one of the contributing individuals
4. Contributing individuals, or customers, share in profit or loss where escrow services (and you need competition between escrow sub-groups, who are themselves members) with enforcement through encryption, not trust, as PayPal, Bitcoin, etc. money transfers are password protected accounts (with e-mail sent to inbox for verification, hints created, limiting log-in re-tries, and SMS password re-assignment for change/verification), where one escrow sub-group can set-up payment processors for allocating percentages of gross right at the instance of each purchase of job applicant’s product/service, which are percentages job applicant and investors agree on, and the pool or community gets the same percentage of gross versus that of one or more individual investors in terms of what community invests. So, let’s say job applicant gets 10%, two contributors agree to share remaining 90%, if community needs to fund additional $1,000 of a $2,000 contract of what is estimated to cover costs to generate a profit based on, then the community get 50% of gross, the two contributors each get 23.5%, the job applicant turned worker gets 5%. There is no need for one month delays in payment, lawyers, contracts, etc.
But as a risk assessor for investment insurance, how does one forecast the profitability of a product/service?
A. Surveys of consumer interest, with small margin of error
B. Estimated positive return on investment, even if, and as is usually the case, negative at first when the entrepreneur “experiments” and works alone, but using ROI tracking software, and hyperbolic regression calculator to determine how much wholesale merchandise, CPM versus CPC, etc., advertising might be needed
C. Previous success of entrepreneur, with no necessary ROI calculations
D. Anticipated good and/or improving world economy from tax delinquencies
E. Commodity/service, and related keywords, are trending upward, possibly with higher demand, less competition (based on looking up the keywords in Google search engine in double quotes, “”), and there is a need to “corner the market” based on what trends.google.com has to offer. Be advised the low competition keywords may be loss leaders, so look at related queries and trending keywords. A loss leader may be something like 99 cent Blue Ray discs where you at first lose money when you sell them, but offer, in your Web store, Blue Ray players discounted, but designed to help you recover from an initial loss. HTML offered by Google Trends, instantiated in forum post, with download of corresponding CSV files, is highly recommended. The future’s market is everything. There is good “interpolation and extrapolation” software we can all share as private members
F. For commodities typically purchased at Alibaba.com much cheaper than sold for at Walmart when you buy like they do in bulk, the power of community purchasing, saving a lot of money not paying for warehouses but using garages and rooms, with inventory control software from PayPal, satisfying the population receiving more information (the devil is in the detail with animations, 24/7 chat support versus never getting customer support agents by foot), or the product you want to buy delivered in a day. No more long trips and struggling with the masses at crowded stores. The Internet can easily make a comeback since the implosion of Fall, 2000, through encryption, credibility, education, brilliants ideas, mostly caused by software evolving faster than hardware, and an understanding self-employed people can minimize their tax liability better than the competition
G. Most importantly, https://www.PandaBusters.com for advertising. Whereas going from cost per action, to click to impression, means higher risk and effort, higher profit margin, but normally only for those who are established with a name, multi-tier affiliate programs with higher search engine rankings means little-to-no-risk and a very high profit margin, for the individual, and the community
The summary of 1.-3. is my best to deal win “the burden of voter responsibility” when you have too many members and not enough voters. Any change to this charter/constitution, if proposed as ballot/poll measure at members’ forum, must be approved by a 75% majority vote of the total number of paying members, with a 7-day cloture vote. “Collect and redistribute” formulae, historically progressive with governments, but can be flat or even regressive, such as cuts in pay/commission in hard times, generous profit sharing in good times, must have a 24-hour cloture votes of more than 50% of paid members, not just voters, or say more than two-thirds if two-thirds are voting, at the instance the poll is set-up.
Until we incorporate and my percentage commission is voted on (I do not want salary), my percentages of the gross here of membership fees, as sole proprietor of InvestorCommune.com, are as follows:
If monthly gross is <$1,000 => 20%,
If monthly gross =>$1,000 and less than $10,000 => 15%,
For any monthly gross =>$10,000 => 10%
I will verify all income and expenditures with screen shots, receipts, and testimonials.
James Dante Wood
Sole proprietor, InvestorCommune.com