Comments | the_recession: Co-ownership Network

fine_clarity in the_recession

Co-ownership Network

Jul 11, 2009 14:23

I have created the group co_ownership. This group serves as a place to network people that are unemployed or underpaid, so as to pool their money and establish businesses that are co-owned by all of the participants, as opposed to begging employers for a job. Well-employed people may also contribute to this network. They too, after all, may become unemployed ( Read more... )

economic policy, layoffs, unemployment, unemployment rate

Comments 3

theheretic July 11 2009, 15:31:50 UTC

Take a class in business law. Partners are legally liable for any and all debts or lawsuits facing one member of the partnership. A Limited Liability Company (LLC) gives you legal protections against lawsuits while still allowing you to profit from ventures and share risk. Every company gets sued. If you have an LLC or Inc, then when they sue your company, they don't get your house and car. If you have a partnership they get the house, car, business assets, 401K, and garnish your future wages ( ... )

fine_clarity July 11 2009, 16:25:16 UTC

Thank you. I have editted the group profile to advise establishing limited liability companies.

kayjayuu July 11 2009, 16:46:41 UTC

This group exists to circumvent the power of the business owners and their republicratic political puppets, via co-ownership. Furthermore, if many thousands of people do so, then the employers' power will be broken completely, because there will not be enough unemployed people left.

You... do realize that you (collectively) become the "employer" when you (collectively) have "employees" working in the collective business, right?

You... do realize that you will be setting the hours and number of employees while trying to meet payroll, pay bills, buy inventory, comply with government regulations, advertise, and pay ever-increasing business taxes, right?

You... do realize that not everyone will be given 40 hours a week at a living wage because of this, right?

You... do realize that not everyone is a good worker and should be working 40 hours as the face of your business to the general public, right?

Plus, you really really don't want full employment. Trust me. Come to North Dakota and I'll show you full (enough) employment.

But good