On 9 July 2015 at 23:51, Andrew Gray <andrew.gray.d2@gmail.com> wrote:
Trying to get my hands on successful not for profit business models that any of the hacker spaces are using. Not really interested in having a for profit set up for biohacker spaces and the community down here is of a similar mindset.
In the UK, we have the option to incorporate a form of a company called "company limit by guarantee" (CLG) where the subscribers own the equity of the company, but do not typically receive distributions of cash generated by the business as dividends. In this scenario, any amounts which are generated as a result of there being more incomings than outgoings are referred to as "surpluses" and not "profits".
So in a sense the business is "non profit" by definition, but in actuality, if you fail to meet your expenses, and run a net loss, then you are going to go bust. I guess what I am saying, is that aiming to be "non profit" or "non surplus" is a pretty bad idea, because
A) you will go bust, or you will need constant cash injections from wealthy donors.
and, possibly more importantly
B) You cannot grow your hackspace into anything good, as you have no surpluses to re-invest in equipment or projects.
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