Design Consideration: Pros and Cons of 3 tiered Structure & Ecosystem of Multiple Entities
Organizational Clarification:
Clearly Define Mission, Vision & Purpose for each organization (Purpose, Mission, Vision & Aims)
Design collaborative governance processes, protocols, & policies for organizational structure
MOU and MOA templates can be useful for creating clarity of baseline agreements - should also exist for what use of space etc - as well as any contracted work*
Discuss Pod Initiatives and how that ties in with the business structure of Atlan Business Incubation
More to explore on Enterprise Pods within Atlan LLC vs new entities
Fixed price contracts: preferred but challenging when scope of work is undefined. Creates shared responsibility between independent contractors and Atlan LLC.
Consideration of forming an LLC for running events - will still require insurance - seasonally? - 501c3 fiscal host options * needs decision
Step by Step protocol for how to incubate and form new enterprises
a) strong internal clarity that our primary purpose is social good;
b) ability to have volunteers and pro bono professionals without risk of violating employee laws;
c) ability to structure as a cooperative;
d) ability to add a new class for investors;
e) internal clarity that we need to earn money while doing our social good efforts.
We are currently in a fundraising mode. We chose to issue royalty notes rather than sell equity.
While most internet articles I’ve seen suggest the purpose of L3C is to obtain PRI (program related investment) funds, we have not pursued this due to lack of contacts in these areas.