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It would allow, say, Sven and In Wales (and their current photo opportunity) to agree - within the context of a project-specific "enterprise agreement" who gets what in respect of the proceeds from the sale of In Wales's photos to the client that Sven obtained.

Either there would be informal "trustees" (analogous to the operation of a cricket club bank account)or a formal "Not for profit" legal entity, which would be the nominal "owner" and custodian of a bank account.

An administration member operating within the framework would maintain accounting records and make any necessary payments in accordance with the enterprise agreement specification eg Sven x%; In Wales y%; Admin etc z%.

The LLP would act as an umbrella for any ET'ers who wish to use it collaboratively in dealings with the outside world. So while invoices would be issued by the admin member on behalf of the individuals they would be payable to the "Custodian".

Note that it would be possible in due course to see the LLP as a Guarantee Society, providing a collective "guarantee" backed by a "default fund" into which  Members paid a provision of a% of revenues. This could enable ET'ers to engage with clients they might not otherwise be able to.

Even were that not done, Members would still have the benefit of Limited Liability. Personally I would not expose myself to the threat of libel proceedings the way that Jerome is now.

There would be a formal membership, probably by joining a "club" of ET "operating members" but this would be entirely "open".

No-one who uses the site would have to join.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Tue Nov 13th, 2007 at 08:11:08 AM EST
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