[Community] Concrete Example on somebody who would have joined NewOrg if it were there.

[Nat Sakimura]

In terms of risk management, I suppose it ends up in

1) Identification of Risks
2) Installing risk control measures.
3) Risk financing (insurance, captive insurance, etc.)
4) Identification of remaining risks and acknowledgement of them.

These needs to be done in any cases.
Having a legal shelter affects 1) and 3) above.
In terms of 1), having "limited liability" is a huge gain against "unlimited
liability".
In terms of 3), it would be much easier to get insured when its "limited
liability" incorporated status is clear, and can demonstrate the rigorous
risk control mesures.

=nat

On Tue, Jul 8, 2008 at 8:47 PM, Daniel Perry <dan at danielperry.com> wrote:

> Incorporating is a non-trivial task but even incorporation does not offer
> complete liability protection. You must comply with corporation laws and
> even take no action inconsistent with proper corporate purposes/regulations.
> It really comes down to comfort, I suppose, as to what level of formal
> entity you need before you feel comfortable enough to contribute. That's why
> I was asking for what conduct you needed protection.
>
>
> On Jul 8, 2008, at 2:41 PM, Nat Sakimura wrote:
>
> Sorry that I did not respond earlier.
>>
>> Yes. Incorporating itself would give it the legal shelter, and that is
>> what OpenID Japan is going after. However, in many cases, incorporating as a
>> non-profit is a non-trivial task and quite costly. If a project could
>> operate at a ligher weight level, it will actually get more things done in
>> shorter timeframe.
>>
>> =nat
>>
>


-- 
Nat Sakimura (=nat)
http://www.sakimura.org/en/
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