1. The Community is the Currency Chris Cook Penicuik 19 May 2011

2. Enterprise Models are Legal and Financial Structures 01/06/10

3. The unseen plumbing of Society 01/06/10

4. Public = State... 01/06/10

5. ...funded by taxes and public borrowing 01/06/10

6. Private = Legal Person: Individual or Company 01/06/10

7. 'For Profit' Companies are funded by shares with par value eg £1.00 - Equity 01/06/10

8. 'Not for Profit' Companies are Limited by Guarantee 01/06/10

9. Financing and funding requires Debt - usually secured by a legal claim eg mortgage 01/06/10

10. ...giving two conflicting claims over the same productive asset 01/06/10

11. Or an unequal 'partnership' relationship 01/06/10

12. Scots know it's not a case of 'either/or' 01/06/10

13. 'Not Proven' is both...or neither 01/06/10

14. A 'quantum' zone of uncertainty 01/06/10

15. There’s a new legal animal out there 01/06/10

16. There are now over 60,000 UK Limited Liability Partnerships (LLP)... 01/06/10

17. ...even in the Public Sector, where Glasgow has five municipal LLPs 01/06/10

18. An LLP is a corporate body with limited liability.... 01/06/10

19. ...and...errrr...that’s it ! 01/06/10

20. As far as the Tax Man is concerned it is a Partnership 01/06/10

21. LLPs are being put to very interesting uses 01/06/10

22. Capital Partnership Custodian Investors Users % % £ 01/06/10 Managers

23. Equity Shares - % age shares in revenues or production... 01/06/10

24. Units - redeemable in payment for production 01/06/10

25. Example: “The Art of Flirting” – a film incorporated as an LLP 01/06/10

26. The actors received nth’s of the gross revenues 01/06/10

27. I got 5%...and the producer the rest... 01/06/10

28. But we needed lights, cameras, pizza, coffee 01/06/10

29. Two Capital Partners invested £10k for 20% of revenues 01/06/10

30. If there are any 01/06/10

31. Art of Flirting Partnership Custodian Financial Capital (Investors) Viewers % % £ 01/06/10 Human Capital (Actors, Producer, Me)

32. The Capital Partnership aligns stakeholder interests.... 01/06/10

33. ...but it’s not a magic bullet 01/06/10

34. Conventional finance requires binding contracts 01/06/10

35. Partnership finance requires consensual agreement 01/06/10

36. But there may be no magnetism.. 01/06/10

37. ...or partners may fall out... 01/06/10

38. A Capital Partnership is not an Organisation 01/06/10

39. ...it does not own anything, do anything, employ anyone, or contract with anyone... 01/06/10

40. ...it is simply a framework within which the stakeholders self organise ... 01/06/10

41. Community Partnership Custodian Investor User % % £ 01/06/10 Manager

42. An associative framework agreement for community projects or events

43. Agreement between stakeholders Individually

44. How does it work? 01/06/10

45. Custodian – asset-holder and steward 01/06/10

46. Company Limited by Guarantee 01/06/10

47. Collective agreement between all Stakeholders 01/06/10

48. User - a Club or Association 01/06/10

49. A Club is Closed because only members have access.... 01/06/10

50. ...but also Open because anyone consenting to club rules may join 01/06/10

51. Manager – gets things done.... 01/06/10

52. ...and agrees who does what 01/06/10

53. Community Partnership Custodian Investor User % % £ 01/06/10 Manager

54. Community Land Partnership Custodian Investor Occupier % % Rental 16/06/10 Manager

55. Community Energy Partnership Custodian Investor User Energy Energy Energy Manager

56. Energy Pool: Community Mega Watts

57. Or even Nega Watts of energy savings

58. Community Media Partnership Custodian Investor User % % £ 01/06/10 Service Provider

59. Networks of Communities are the future 01/06/10

60. Thank You 16/06/10