Re: PROPOSAL UPDATED: Incorporate the Veres One Non-Profit Foundation

John,

Thanks for the info. It's good to be aware of our options; I was not 
aware of the C3 or CCC  designation in Canda) My personal preference is 
that Veres One explicitly not make a profit and not have investors or 
shareholders. It would be interesting to hear from others on this.

To the community-- as an end user of Decentralized Identifiers what type 
of organization would you trust? As a service/product provider depending 
on persistent and affordable DIDs for your customers what type of 
organization would you trust?

Adam


On 8/16/2018 3:48 PM, Jordan, John CITZ:EX wrote:
> More fuel for the fire ☺
>
> http://www.fin.gov.bc.ca/prs/ccc/
>
> “In response to an emerging demand for socially focused investment options, British Columbia has launched a new hybrid corporate model, the community contribution company (C3 or CCC).
>
> Designed to bridge the gap between for-profit businesses and non-profit enterprises, this innovative business model is the first of its kind in Canada.
>
> C3 status allows entrepreneurs in B.C. to pursue social goals through their businesses while still generating a profit and providing investment opportunities to like-minded investors.
>
> Social enterprises can exist in many business areas and have many different objectives, including health, environmental, cultural or educational. For example, a social enterprise could provide recycling services in a community with the social objective of generating employment in collecting recyclables and applying most of the profits to a local charity.
>
> The regulations were developed in consultation with members of the B.C. Social Innovation Council. Public consultations held in 2010 supported the idea of a new business model like the C3, and the resulting amendments were well-received by the social enterprise community.”
>
> J
>
> From: Adam Lake <alake@digitalbazaar.com>
> Date: Thursday, August 16, 2018 at 12:37 PM
> To: Christopher Allen <ChristopherA@lifewithalacrity.com>
> Cc: "public-veres-one@w3.org" <public-veres-one@w3.org>
> Subject: Re: PROPOSAL UPDATED: Incorporate the Veres One Non-Profit Foundation
> Resent-From: <public-veres-one@w3.org>
> Resent-Date: Thursday, August 16, 2018 at 12:37 PM
>
> lem with both Benefit LLCs and L3Cs is that they are US corporate designations. The United States is not generally viewed as a neutral arbiter. There is also historical baggage associated with the US regarding governance of technical infrastructure for the Internet (e.g. ICANN). Maybe a Benefit LLC has it's merits but it's anchored to the US. Maybe

-- 
Adam Lake
Director, Business Development
Digital Bazaar
Veres.io
540-285-0083

Received on Thursday, 16 August 2018 20:31:48 UTC