cooperative shop investment and funding strategy

seems like a good idea to fund a cooperative
http://techshop.ws/invest.html
not a horrible investment as member dues should cover it and you get a vip lifetime membership
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Electric Comet wrote:

Can you imagine the horrendous liability issues (asked by a person who was recently rear-ended while stopped at a red-light)? As someone observed in a photo already posted, there were too-many bodies. But in some areas of the country, this may be the only viable option for a workshop. Hopefully, they will have the sense to reject or eject some applicants. Marijuana is now legal in CA. Can you imagine any potential conflict there? "Did you pick up any more of them dovetails, buddy?" Last week, in a school I am familiar with, a number of 7th graders were sent home for bringing legal pot to school. Maybe nothing new under the sun? Some tolerance (which seemed to exist in the 70's) seemed better than trying to "jail everybody up". All of that said, I wish "the cooperative" the best of luck.
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On Saturday, February 4, 2017 at 3:59:19 PM UTC-5, Bill wrote:

Did they get to keep the pot? Back when I...err...ummm...I mean somebody I knew got sent home for having illegal pot in school, the folks that were doing the sending kept the herb.
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Hmm, You're referring to the Portland Maker Space that Elec. Comet posted. This current post is related the Tech Shop in the Bay area.
What this post is related to is the following: you're an investor with stoc k in the company. If you own Exxon and one of their tankers hits a reef and spills oil, you as an individual don't bear the responsibility for the cle anup, the company does. Of course your financial stake in the company might be impacted by the stock price decrease or by reduced revenues, etc. But t he government(s) - state, local, fed - don't go after individual share hold ers.
I am very familiar with The Tech Shop having taken classes there and used s ome of the equipment. You sign a waiver and you MUST take a safety class pr ior to being allowed to use the equipment for each piece of equipment you w ant to use. Also there are tech support people who roam the area and I'd im agine they would stop you from doing something stupid.
Can you hurt yourself or someone else at one of these spaces, yes of course . Years ago, I took a woodworking class. Signed waivers and a safety briefi ng EVERY DAY of the three days in class. Two idiots who were drinking durin g lunch one day (I was at the next table and saw them) decided to FREEHAND a tablesaw cut. The piece of wood flew behind them and made a mark in the w all. The owner/instructor saw this and STOPPED the class and told them in v ery calm words - go home and don't come back. They did and forfeited their class registration.
While personally I don't know if there have been any accidents at places li ke the Tech Shop, I'd imagine there have been. I guess that's why they carr y insurance and why they enforce the safety classes. They don't care you ha ve been a woodworker for 10 years. You GOT to go to the safety class. Beyon d that, you are on your own. Of course if the environment is unsafe, there might be cause for suing.
MJ
BTW: legal marijuana doesn't start in California until 2018. However we hav e had legal medicinal pot for 10 years.

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MJ wrote:

Thank you for providing the details about the co-op that you did.

Okay, perhaps the pot the students were sent home for was not as legal as I had assumed.
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And even in 2018, it won't be legal for 7th graders to possess, any more than a bottle of hootch would be.
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On 2/4/2017 4:43 PM, MJ wrote:

Unfortunately for the shop, having a signed waver only helps to promote shop safety. I would be surprised if someone was hurt at the fault of some one there, and went to court, if he would loose the suit. A signed waver does not trump the law. If the signed waver was rock solid protection there would be no need for insurance. And I am certain the insurance company requires the waver to limit liability.
I absolutely would not want to be an investor in anything like that.
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Leon wrote:

Maybe not. But you might probably like to be a "supporter", if it was in your neighborhood.
Would it be more difficult to do this as a not-for-profit entity? I never heard of a non-profit entity issuing bonds. A public utility is close? One has to really keep up with things to participate in this newsgroup! ; )
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On Saturday, February 4, 2017 at 6:24:48 PM UTC-5, Bill wrote:

Are you asking if it would be difficult for a not-for-profit to run a cooperative workshop? If so, then while I can't address the "difficulty" level, I can say that the Makerspace workshop near me is a 501(c)(3) tax-exempt nonprofit organization.
Everything they do is supported by donations and/or membership dues.

Read this:
http://www.sgrlaw.com/briefings/459/

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DerbyDad03 wrote:

Thank you. It was interesting to learn about "credit enhancement" too.

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On Saturday, February 4, 2017 at 7:04:57 PM UTC-5, Bill wrote:
...snip...

You are welcome!
Speaking of "credit enhancement", I had to laugh at a sign that I saw on the side of the road this morning. It was one of those cheap lawn signs, like these:
http://cheapsigns.com/cheapsigns.png
It read:
We'll Fix Your Credit! $250 1-800-555-5555
Right, like I'm going turn over all of my credit and financial information to some guy who paid about $5 to print a sign and stick it alongside a road. And I get to pay him $250 too?
What could possibly go wrong?
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*snip*

*trim*
Sometimes when I get away from the tools for a bit, I have to remind myself of all the safety habits. For example, it's not a bad idea to give the lathe a spin by hand before you turn it on, just to make sure your work piece clears. That's easy to forget that first time back.
A refresher course could be a good thing.
Puckdropper
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http://www.puckdroppersplace.us/rec.woodworking
A mini archive of some of rec.woodworking's best and worst!
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wrote:

Maybe. However, if you're an operating officer your personal liability may or may not be limited. The "corporate veil" is not impenetrable.

Waivers aren't a guarantee, either. Courts aren't at all predictable.

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On Sat, 4 Feb 2017 14:43:16 -0800 (PST)

the techshops have been around for several years now and there are techshops across the country so they have worked out the issues
that had to be prominent in their business model and no sensible investor could have overlooked that issue and it was probably the top issue worked on
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Electric Comet wrote:

At least they ought to be able to build and maintain their own shop furniture! : ) In the cities I saw mentioned, the "rent" will probably be an issue.

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