Profile of Brandonb91002 in ApeCoin
Posts by Brandonb91002
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Community Impact Project (501c3 + Construction Group)
by Brandonb91002 - No Role
Posted on: June 11, 2023, 10:43 a.m.
Content: 0 xSword,
Just to clarify and i would like to add a disclosure that by no means am I lawyer or a business admin professional of the sort but to answer the question from what ive researched in structuring a holding corp, the holding company is merely a vehicle in which the DAO, 501 and construction company can all operate in, as a legal environment (subsidiaries to the prime). If this vehicle (holding company) didnt exist, the companies would likely invoice/bill each other to death while getting eaten alive by the tax/income liabilities if not under one single umbrella.
As for setting up a holding company, yes that can be achieved by anyone at a minimal cost. The structure of it (board members, %’s etc) would be whats important.
In regards to moving forward, implementation/ development is linear and so i think there should be a road map, milestones, several voting points with options of shaping/input along the way. I also think that there should be a “kill switch” included in this implementation process for all parties if they want to exercise it. If the intent/mission statement cannot be maintained or liability/risk becomes too high then we shouldn’t continue to throw good money/time after sunken costs/resources.
As the saying goes “how do you eat an elephant? One bite at a time.”
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Community Impact Project (501c3 + Construction Group)
by Brandonb91002 - No Role
Posted on: June 11, 2023, 10:14 a.m.
Content: Thanks! Lol
The cost/stress statement was just joke lol.
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Community Impact Project (501c3 + Construction Group)
by Brandonb91002 - No Role
Posted on: June 7, 2023, 7:54 p.m.
Content: 0 xSword,
Thanks for the input. I dont see why this couldnt be shaped as a “habitat for humanity” style approach either. Once “blueprinted” it can be adopted as charters or the like anywhere with an “off the shelf” org structure to start from
For it to work, the DAO would need to create a holding company if one doesnt exist already. The 501 c 3 and construction co would then roll up into the holding company while maintaining its own structure/org. This helps reduce liability throughout.
The 501 c 3 would have to carry the load of soliciting projects for selection, fundraising and coordination with internal/external resources.
The manpower for construction could be offset with community volunteering and worse case labor could be brokered but is always at a premium cost.
As far as talent acquisition to get this off the ground, i know a few people that would greatly contribute to these efforts and there are also ways to capitalize on volunteers, internships, at no cost. Definitely would like to see someone that is up to speed on this DAO’s policies/guidance to assist as an integrator if at all possible along the way.
Being able to collaborate while geographically dispersed will help excel the amount of people able to contribute administratively. Surely it will make for a better end-product for everyone!
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- 0xSword: Hey, just wanted to follow up here.
There are some options for how you approach this. When you say “the DAO would need to create a holding company” that raises the long questions of how it will be charged, does a committee or working group need spun up, or if you as individual can lead this initiative with funding and community input.
To my knowledge there’s no holding company that is DAO governed other than maybe the Foundation may be classified as that, but its purpose may be largely constricted to it’s current operations.
How would you recommend moving forward with this? What can we do right away?
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Community Impact Project (501c3 + Construction Group)
by Brandonb91002 - No Role
Posted on: June 7, 2023, 12:44 a.m.
Content: Initiating phase: Cost is minimal as the 501 c 3 is developed but non-operational and so is the construction group. A lot of org structure shaping along with mission, vision etc so that a starting point can be adopted and evolve from there.
Planning Phase: Extensive manpower requirements. Costs would derive from project size, site/location, objectives etc.
Execution Phase: Unreal costs. Would need substantial fundraising and local/state/federal resources committed.
Administrative cost would occur when the table is slapped and company documents need to be updated to reflect adopted structure/org/naming. There will be a board reporting up to the DAO.
So much hypotheticals that need to be crosswalked by working groups to shape this…. Very difficult to lay something like this out on a discussion board from just my point of view.
If there is ever a way to move forward in a low-risk, iterative manner then maybe we could see something of this scale happen through a crawl-walk-run approach one day!
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Community Impact Project (501c3 + Construction Group)
by Brandonb91002 - No Role
Posted on: June 6, 2023, 10:24 a.m.
Content: A 501 c 3 that owns a licensed construction company (incorporated). DAO to run/own/guide/direct all aspects of the 501 c 3 and as much of the construction subsidiary without infringing on the legal aspects of state licensing board requirements for RMO’s. Any state licensing can be achieved across any division of construction. Current license is CA class A, general engineering.
As with most 501 c 3 ’s, this should be funded through fundraising efforts/donations etc.
On the construction group side, retain ability to perform profit/non-profit work for the DAO/community.
In addition to ground-pounding fundraiser campaign drives by the 501 c 3 , it will need to excel at leveraging local, state, federal resources to unlock the ability to make tangible impacts through the DAO’s positive community and strength by choosing projects that seem unsurmountable. For instance, develop the ability to “blueprint” a plan to eradicate community homelessness. The vision should be shaped in a way that because there is no single-source solution, there should be a foundational platform to start from and evolve as needed/voted on by the requirements generators (the people).
This “idea” along with having the availability to resources, online communities for developing and sharing, along with people that care can make just about any idea achievable.
Cost Estimate…. The stress will probably kill me in 5 - 10 years.
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- CEOofWeb3.0: Seems interesting, I’d love to know more.
Brandonb91002:
501c3
I’m not even gonna pretend I know what this is but nonetheless, I like your enthusiasm
Welcome to the DAO, Hope you have a blast here.
PS : Don’t let the stress get to ya