Post by HTI Foundation on Jul 24, 2020 18:18:28 GMT -5
Name of business: HTI Foundation (House of Tasmanian Islands Foundation)
Nation(s) founding the business: THX1138, The Tasmanian Islands
Will be creating a forum account for the business?:
Posting this from the Foundation corporate account
Would like a sub-board in the 10000 Islands Marketplace? Elsewhere? If so, please justify:
Ideally, a sub-board in the House of Tasmanian Islands Board would allow members easy access to Foundation records and monthly ledgers. For now, this will be a private corporation, with participation limited to House members. Should the Foundation consider a public offering at a later date, a sub-board may be requested in the Marketplace.
Service/means of making profit: Purchase of regional shop items, stocks, and long-term investment opportunities through the Reserve.
Brief Description (up to 300 words) of what you hope to achieve and what you can offer the region:
1. Providing a regular monthly dividend and ROI for members of the House of Tasmanian Islands.
2. Monthly dividends will be disbursed evenly among all current forum active House members, regardless of any investment they may or may not make into the Foundation (although personal contribution from members is encouraged and any such personal donation will be invested on behalf of all House members).
3. New House members will not receive a share of monthly dividends until their third month of membership in the House.
4. Members departing the House will receive a equal portion of the monthly dividend for one final month after their leaving, but will have no claim to any of the holdings of the Foundation, nor to any monies they may have invested during their membership in the House.
5. In the event of the dissolution of the House or the HTI Foundation, any assets that can by liquefied, will be, and all current members of the House (having been in membership for at least 2 months) will receive an equal share of any liquid assets at the time of dissolution.
The initial investment of the Foundation into the region will be roughly 1.2 Million Tacos. The foundation will make periodic donations to Taco Island Charities at amounts approved by all members.
Further requests or comments: The above Foundation parameters are subject to change as determined by House members.