Tuesday, November 11, 2008

In case of breakdown...

On Earth is a community of friends, but it is also an incorporated company. It was an easy legal structure to get done what we wanted to get done.

I just finished preparing our unanimous shareholder agreement. A large part of it speaks to what will happen if things go wrong. If someone dies, if someone becomes incompetent, and if some the shareholders want other shareholder out. It's hard to imagine being in a place where we have to go to arbitration because we can't come to a consensus or a place where we have to force someone to leave.

I really don't think we're really going to need the USA (famous last words?), but it's wise to have it place.

Some people say that a prenuptial agreement takes away the romance. Does a USA put doubt on the quality of friendships?

1 comment:

Heidi said...

No doubt here - just grateful that you were will to prepare it. I think creating something like that would make me kind of sad. So THANKS Sarah!