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[ANN] Farla Webmedia • Invest in a real life company • Bonus for asset holders singapore
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Author Topic: [ANN] Farla Webmedia • Invest in a real life company • Bonus for asset holders  (Read 76542 times)

farl4bit

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Too late for me. But I really like your business plan. Good job
Sorry about that Ludom. But thx for the kudos.  :)
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Mem-ber

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farl4bit, you and your Company are the schining Star in this dark nxtnight.
clubnxt welcomes you!

Kind regards,
Daniel
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rubenbc

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SOLD OUT!  :o

I want to thank everybody very much! This was not what I expected. I am very grateful to you all.  :)

congratulations!! luckily I was able to buy at the right time ;D

I have sent you a PM and I hope that you like ;)

I encourage everyone to embody your business in NXT

Kiomansk

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waddafuk

I was hoping to buy into some and it's already gone?

That's something I ain't ever seen before. wut
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martismartis

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Farl4bit

It's interesting for me the legal side of this fundrising from your company perspective:)

1. How these funds enter your company? (as your personal loan to it, new share emission, etc.) Maybe funds will not reach company and you will cover some company expenses from your pocket?
2. You'll pay dividends every month. Will they go from your pocket (forecasting yearly profit of the company and upcoming company dividends to you)? Other?

It it is not very sensitive or secret information, of course :)

It is first use case for fundrising for real world company, I think. I also was thinking to fundrise some of my companies and share profit with asset holders for some projects, but legal matter always stopped me from this :) I live in EU, so some legal laws and rules should be similar within EU, curious did you find the way to do fundrising according law and rules? :) Of course it is possible not to follow rules and make fundrising, but this is another story :)
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farl4bit

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Farl4bit

It's interesting for me the legal side of this fundrising from your company perspective:)

1. How these funds enter your company? (as your personal loan to it, new share emission, etc.) Maybe funds will not reach company and you will cover some company expenses from your pocket?
2. You'll pay dividends every month. Will they go from your pocket (forecasting yearly profit of the company and upcoming company dividends to you)? Other?

It it is not very sensitive or secret information, of course :)

It is first use case for fundrising for real world company, I think. I also was thinking to fundrise some of my companies and share profit with asset holders for some projects, but legal matter always stopped me from this :) I live in EU, so some legal laws and rules should be similar within EU, curious did you find the way to do fundrising according law and rules? :) Of course it is possible not to follow rules and make fundrising, but this is another story :)

Good questions. It's a bit vague and I don't know the best solution right now. I have a meeting with my financial man in a few weeks and will discuss this.
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martismartis

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Farl4bit

It's interesting for me the legal side of this fundrising from your company perspective:)

1. How these funds enter your company? (as your personal loan to it, new share emission, etc.) Maybe funds will not reach company and you will cover some company expenses from your pocket?
2. You'll pay dividends every month. Will they go from your pocket (forecasting yearly profit of the company and upcoming company dividends to you)? Other?

It it is not very sensitive or secret information, of course :)

It is first use case for fundrising for real world company, I think. I also was thinking to fundrise some of my companies and share profit with asset holders for some projects, but legal matter always stopped me from this :) I live in EU, so some legal laws and rules should be similar within EU, curious did you find the way to do fundrising according law and rules? :) Of course it is possible not to follow rules and make fundrising, but this is another story :)

Good questions. It's a bit vague and I don't know the best solution right now. I have a meeting with my financial man in a few weeks and will discuss this.

OK, it will interesting to know what your financial man is thinking about it. I have some thoughts in my head and they can be seen from my questions, between the lines :)
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farl4bit

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JanSako

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Farl4bit

It's interesting for me the legal side of this fundrising from your company perspective:)

1. How these funds enter your company? (as your personal loan to it, new share emission, etc.) Maybe funds will not reach company and you will cover some company expenses from your pocket?
2. You'll pay dividends every month. Will they go from your pocket (forecasting yearly profit of the company and upcoming company dividends to you)? Other?

It it is not very sensitive or secret information, of course :)

It is first use case for fundrising for real world company, I think. I also was thinking to fundrise some of my companies and share profit with asset holders for some projects, but legal matter always stopped me from this :) I live in EU, so some legal laws and rules should be similar within EU, curious did you find the way to do fundrising according law and rules? :) Of course it is possible not to follow rules and make fundrising, but this is another story :)

Good questions. It's a bit vague and I don't know the best solution right now. I have a meeting with my financial man in a few weeks and will discuss this.

OK, it will interesting to know what your financial man is thinking about it. I have some thoughts in my head and they can be seen from my questions, between the lines :)

I was talking with my accountant about this, here in the UK it seems that if you are an established company (like an LLP), you can basically issue IOU's. What form do they take (personal loan, bank loan, 'credit notes' etc) does not matter. You can also set your own interest rate.

From what I understand it would be perfectly legal to create an asset with a fixed interest rate, but it was a bit vague about profit-sharing. I wonder if you could stretch the case.

IMO the problem happens when you represent assets as 'ownership shares', as then you run into other things, like who can own a company, owners or part owners having to register & pay taxes in that locale etc.
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Cassius

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I also suspect there are separate problems with decentralised assets that can be traded freely, rather than only with you. MS is a good use case of the latter, whether for bonds or revenue-sharing.
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farl4bit

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IMO the problem happens when you represent assets as 'ownership shares', as then you run into other things, like who can own a company, owners or part owners having to register & pay taxes in that locale etc.

That's why I put in this part:

Quote

The assets only represent a share in the profits and do not represent any ownership or control over the operations of the business of Farla Webmedia.
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martismartis

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Farl4bit

It's interesting for me the legal side of this fundrising from your company perspective:)

1. How these funds enter your company? (as your personal loan to it, new share emission, etc.) Maybe funds will not reach company and you will cover some company expenses from your pocket?
2. You'll pay dividends every month. Will they go from your pocket (forecasting yearly profit of the company and upcoming company dividends to you)? Other?

It it is not very sensitive or secret information, of course :)

It is first use case for fundrising for real world company, I think. I also was thinking to fundrise some of my companies and share profit with asset holders for some projects, but legal matter always stopped me from this :) I live in EU, so some legal laws and rules should be similar within EU, curious did you find the way to do fundrising according law and rules? :) Of course it is possible not to follow rules and make fundrising, but this is another story :)

Good questions. It's a bit vague and I don't know the best solution right now. I have a meeting with my financial man in a few weeks and will discuss this.

OK, it will interesting to know what your financial man is thinking about it. I have some thoughts in my head and they can be seen from my questions, between the lines :)

I was talking with my accountant about this, here in the UK it seems that if you are an established company (like an LLP), you can basically issue IOU's. What form do they take (personal loan, bank loan, 'credit notes' etc) does not matter. You can also set your own interest rate.

From what I understand it would be perfectly legal to create an asset with a fixed interest rate, but it was a bit vague about profit-sharing. I wonder if you could stretch the case.

IMO the problem happens when you represent assets as 'ownership shares', as then you run into other things, like who can own a company, owners or part owners having to register & pay taxes in that locale etc.

In my raised questions I didn't think this fundrising is some kind of ownership share, this is no way and I don't think there are some legal ways to do this, by now. I'm talking about EU. My questions was about financial side of it, how could they be accounted in company. Money can't flow to company from nowhere for nothing, they should have some transparent reason (loan, paid by person new share issue, invoice payment, etc.) This is not very difficult question comparing to to how legally pay and calculate profit dividends from company for anonymous "shareholders":)
You can give a loan for a company and ask for interest for it. But I think you cannot ask 50% interest on loan, at least in my country, which is also EU, there are some regulations and laws, that this loan can have interest, but not bigger that average interest rates by banks, with some understandable spread.

There is another way, is to receive fundraising personally, pay some company expenses from your pocket, pay dividends for shareholders from your pocket. In such case, you need to forecast one year company dividends and make a balance at the end, what you paid for shareholders and what you get from company as a owner. But here we have not predictable NXT-fiat exchange ratio during the year, maybe some interest from tax authorities on you, as person, if don't sit quite :)

Interesting how this could evolve :) Farl4bit took some risk on this fundrising for his real life company, but we need such real cases with real life:)
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JanSako

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The comment about company ownership was a general one, not applicable to this case, of course.

If you run the incoming money through your personal 'account' (as if you would be paying expenses out of your pocket), and then take the profit and pay your assetholders form there, you are:

- losing out on the tax side (you need to pay taxes on the company profit you are taking out, but you cannot expense out payments to assetholders as you generally can't deduct 'personal loans' from your taxes)
- this is not scale-able (can't see a CEO of a multi-million company doing this)

Need to find a way of doing it that is on the books and in the clear so it has real value as a use-case for NXT.

I'm sure it would give you exposure for your business too!
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Sebastien256

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@farl4bit
What day of the month will you pay the dividends?
Ty again for this offering.

From the op:
Quote
3. You can receive extra bonuses
What could it be?
« Last Edit: November 10, 2015, 06:26:27 pm by Sebastien256 »
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Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

chanc3r

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@farl4bit
What day of the month will you pay the dividends?
Ty again for this offering.

From the op:
Quote
3. You can receive extra bonuses
What could it be?

I heard it was an A0 wall poster of farl4bit himself..
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NXT: 29996814460165 (NXT-JTA7-B2QR-8BFC-2V222)
@imrimr @NXTinspect

farl4bit

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@farl4bit
What day of the month will you pay the dividends?
Ty again for this offering.

From the op:
Quote
3. You can receive extra bonuses
What could it be?

I heard it was an A0 wall poster of farl4bit himself..

Haha! If you want... but you have to hang it above the fireplace.  ;D
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farl4bit

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I want to mention that I am not dumping all the NXT directly onto the market. I am using the Ondemand service of LibertyNow: http://www.liquidtech.info/ondemand. This way I have to wait longer, but the price of NXT will not be affected to much.
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Sebastien256

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Thames

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http://cointelegraph.com/news/115676/nxt-asset-exchange-and-farla-webmedia-legal-concerns
@farl4bit
Did they contact you for comment?

Getting rather tedious this constant question mark over this issue. Lawyers/solicitors just wont commit either way. Needs a legally tested precedent, i guess.......which costs alot of funds to find out.  :'(
Why cant the 'token' holders make a legitimate claim to be 'paid' in some way....like a standard invoice situation? Token holders could be 'advisor's' or somethingorother.
Or, why cant the powers that be, be formally approached for an answer? 
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