Legal entity working group
LEGAL ENTITY WORKING GROUP
Marie-Nour Hechaime (Ashkal Alwan): Harvester
Molemo Moiloa (VANSA): Host
Paula Piedra (TEOR/éTica): Guardian of process-intention
The decision on Legal Entity is related mainly to AC need to distribute and receive money. Once it is defined, it can also affect some of AC self organization mechanisms. The legal entity decisions we make also are related to what we call the AC Myth (how we define ourselves inside and outside AC).
Legal Entity Working Group Guidelines are divided in two stages: research and legal entity constitution. (We can’t make guidelines for Stage 2 Legal Entity Constitution before we accomplish Stage 1: Research).
Stage 1: Research
This research is to find out what is better to fulfil AC need to distribute and receive money according to our values, principles and ethics.
Guidelines for this research
Structure (registration option) should be the one most close to AC ethical principles
Place of registration/account should also be measured against ethical principles
Financial sustainability should be primary driver of registration decision. Eg. funder, banks/accounts, currency.
To consider for this research
We have two options: REGISTRATION or NON - REGISTRATION.
For Registration:
Best location
Least bureaucracy
Ease of registration
Ease of financials (strong currency, strong banks, cheapest)
Non-Registration:
Shared bank account
Modalities if possible
Once clear, decide next steps
Legal Entity affects Admin/Bank and Fundraising:
Documents of legal entity and bank account
Governance checks & balances guides
Communicating legal entity clearly to funders
Legal Entity affects Newsletter (TAM TAM):
Governance checks & balances guides
Communicating our Myth
Legal Entity affects Website:
Communicating legal entity clearly to funders
Communicating our Myth
2. Stage 2: Legal Entity Constitution (PENDING)
Last updated