Commit b54185a0 authored by Aaron Wolf's avatar Aaron Wolf

move misc notes to bottom of transactions notes

parent e5ee5f73
......@@ -127,9 +127,29 @@ process charges and payments.
or have our corporate checking set up as a merchant account (as well as
helping us with fraud detection).
## Who receives project funds?
We need to be sure that everything is legally clear with the recipients of funds
and their legal status. It will be easier with established legal entities.
Individuals are another question.
We need to confirm both with appropriate counsel (attorney, accountant) on our
side and via whatever payment services: what requirements are there for us to
accept a project to meet all compliance concerns?
We could potentially support the step of projects paying team members similarly
(or even in cooperation with) Open Collective, but that's not our primary
service focus.
## Misc notes and plans
The following is mostly older notes about considering the higher-liability
escrow options which we have no plans for now, but they may still be relevant in
some ways, particularly the note about Aaron Williamson.
* Aaron Williamson worked as the attorney for Gratipay when they dealt with the fallout from holding funds in escrow (which brought out concerns about running an illegal money transfer service (which came to light when their payment service, Balanced Payments, shut down and they investigated alternative options).
* Aaron Wolf (Snowdrift.coop co-founder) worked with Aaron Williamson a
little as part of 501 working group volunteering for OSI
* Aaron Williamson helped Gratipay restructure toward charging in arrears
and doing more adequate vetting of projects. He thus has experience and
would be an optimal attorney for us for these purposes. He also has
......@@ -169,17 +189,3 @@ process charges and payments.
This is from someone frustrated with the law's burdens ruining his own startup
trying to attack others who he sees as getting away with operating illegally.
He certainly has at least *some* merit to his claims.
## Who receives project funds?
We need to be sure that everything is legally clear with the recipients of funds
and their legal status. It will be easier with established legal entities.
Individuals are another question.
We need to confirm both with appropriate counsel (attorney, accountant) on our
side and via whatever payment services: what requirements are there for us to
accept a project to meet all compliance concerns?
We could potentially support the step of projects paying team members similarly
(or even in cooperation with) Open Collective, but that's not our primary
service focus.
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