BadIdeaFactory / corporate

The corporate repository where we discuss our serious business
http://biffud.com/
MIT License
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returning COs + capital contributions for returning COs #120

Open mtigas opened 1 year ago

mtigas commented 1 year ago

per some converations with @slifty: apparently no refund of equity/capital contribution currently happens if a Corporate Overlord leaves (since there are no provisions for it in the operating agreement). this PR / proposed operating agreement update is not actually about that.

this is primarily about former COs coming back (1) that they need to do the full "Adding Corporate Overlords" process from scratch and more importantly (2) the Hive Mind can vote to waive repeating the capital contribution requirement under those specific circumstances of CO return.

(if we were to later add something about returning someone's equity or even just the capital contribution part, then we'd want to tweak that addition to the "Capital Contributions" section.)