RE: [Embedlets-dev] Embedlet legal entity

[Christopher S. <cs...@oo...>]

In the none-communistic US of A the idea of a cooperative risks a visit by
the Department of Home Land Security. (didn't the acronym SS have something
to do with security?)

Anyway the legal entities here are:

1. Sole Proprietorship - no legal protection, taxable at personal rate
	- N/A for us

2. Limited Liability Partnership
	- legal protection and ownership rights
	- profits/taxes flow through to partners
	- no issuable stock
	- relatively simple reporting requirements
	- equal voting rights

3. Sub-chapter S corporation
	- legal protection and ownership rights
	- profits/taxes flow through to shareholders
	- no public stock issuable
	- more complicated reporting/accounting
	- % of shares based voting rights
	- can be converted to public corp (below)

4. Sub Chapter C corporation
	- best legal protection and ownership rights
	- profits/taxes retained in corp until distributed
	- issuable public stock
	- complicated reporting once public
	- % of shares based voting

#2 LLP is new in most states and is quickly catching on as the preferred
professional partnership arrangement.

Does anyone have info on a Canadian cooperative? All I know is that we used
to take milk from my dad's farm to the CO-OP in Guelph and looked forward to
those big dividend checks (~$25.00) every quarter :).


>
> Topic tags:[ARCH][JAPL][WIRING][DOCS][MGMT][STRATEGY][NEWBIE]
> _______________________________________________
>
> Its a little more complicated because of the nature of the beast I think.
>
> I'm not really knowledgeable on this sort of thing, but what
> about a co-op?
> I know we can do that in Canada, but I don't know about the
> states, or what
> the benefits would be as a business entity.
>
> - Brill Pappin
>
> ----- Original Message -----
> From: "Ted Kosan" <tk...@ya...>
> To: <emb...@li...>
> Sent: Tuesday, March 18, 2003 2:46 AM
> Subject: [Embedlets-dev] Embedlet legal entity
>
>
> > Topic tags:[ARCH][JAPL][WIRING][DOCS][MGMT][STRATEGY][NEWBIE]
> > _______________________________________________
> >
> > Before I started researching what it is going to take to create an
> Embedlet
> > legal entity to reference in the Embedlet license, does anyone have any
> > thoughts on this?
> >
> > Ted
> >
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