Resonate - Music Streaming Platform Coop

Hello All,

Just an update. We are finalising our incorporation of the Co-operative for Resonate.

We have chosen Ireland for a number of reasons which I won't outline fullyhere - but mainly related to cost of incorporation, Eurozone member and the volatility of the pound presently (in addition to the practical reason that I am educated in Irish law, and am based here).

I believe I have nearly adapted the Fairshares rules for Co-operatives to both our business, and the Irish context.

However there is a key point of difference I believe between the Irish legislation and the UK legislation on Co-operatives. In Irish law, I was advised by one apex body that a share is always transferrable, inheritable and redeemable at par value - though I have contrary advice on this point...

I am thinking that this would make the issuance of Labour and User shares tricky - as these shares represent a dividend stake but not capital value. The issuance of Member shares deals with the redistribution of increases in capital value in the Fairshares model.

Does @roryridleyduff or anyone else have a perspective on this? And from a fairshares branding perspective - if I had to change the rules to only issuing 1 share for each labour/user member and calculated their dividend based on a separate formula of contribution - would there be an objection to using the fairshares branding?

Any thoughts and advice would be welcomed. :)

(And I think after this upcoming crowd campaign - I would be interested in talking about trying to fund a project to adapt Fairshares to the Irish context.)