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It's time!

For this week's Tuesday Content, I'm cheating a little: first, it's Wednesday; second, instead of new content, I'm "unpaywalling" a section of my $upporters-only "Quarterly Extravaganza".

Learn below about the eternal dilemma: should our org be a nonprofit or an LLC?

(If you prefer to dive deep into the long form version of this thread, find the full content on my blog: essentialrandomness.com/posts/)

To support our project (and get early access to this content), support me on Patreon: patreon.com/essentialrandomnes

Ms Boba
Public

The first step to settle the LLC vs nonprofit debate was to look at the path chosen by other fandom-adjacent entities. Turns out, there's historical examples of both!

So, armed with grit, we took the logical next step: get clarity on the legal differences between the two!

Ms Boba
Public

Obviously, given that our projects have a clear “anti-corporate bent”, becoming a for profit corporation came with concerns.

However, we found that LLCs are an incredibly-flexible legal structure that gives us ample power to add ethical guardrails!

There's a lot to say about the various options, and we've just started exploring them. If you want to learn more about these, you can read the article/slides or watch this video (youtu.be/5DTQinOmuEU?t=1832&si) by the excellent
theselc.org/, whose help has been invaluable throughout all this!

(To be clear: until we have more resources in place and a better understanding of our future, we’re going to keep things simple: at first, our LLC will be what’s called a “single-member LLC”, owned by yours truly (me). We'll keep evaluating options as we work to reach stability!)