What PayPal deducts from contributions I receive through PayPal.
2.9% + $0.30 CAD per Domestic transaction
3.7% + $0.30 USD per US transaction
3.9% + Fixed fee per International transaction
Wanted: Partners for a co-operative enterprise. No purchase necessary. I will pay for the government filing fee 250.00. There is no financial obligation to become a partner. Comment here or send private message. Your help is appreciated, please share and forward this message with your friends.
1. Proposed Name: ECO TEK CANADA PROPERTY MAINTENANCE, REPAIR, RECYCLE, AND MANUFACTURING COOPERATIVE
2. Purpose for this association:
1) Industrially defined: Property Maintenance, Repair, and Manufacturing and retailing products Interior/exterior installation, maintenance, repair and manufacturing for landscape greenery, energy generation, buildings and waste management/recycling.
Other services: clean and protect life sustaining environmental conditions, through modification, adaption and invention of power supplying mechanisms and systems that use them. To provide lower cost mechanical servicing, maintenance and repair. To modify customer machinery to operate more cleanly and to burn less fuel.
2) The social purpose for this association: (A) To supply class members with paying positions and duties in the operations of the cooperative’s industrial purpose, (B) to own equally and in common the assets the cooperative may come to possess and share equally the income of the cooperative through the financial income distribution mathematical formula and procedural rules (see section B 1 in the rules of the co-op). (C) to provide a democratic communication environment and a process of grievance redress.
3. Restrictions on business: The only restrictions on business for the co-op is to not engage in business having the effect of contradicting the co-op’s environmental, economic and social commitment.
4. Restrictions on powers: There is no foreseen need for restriction on powers. Like any person the co-op is restricted by law. The law is respected.
5. Authorized share capital: (see section B in the rules of the co-op) All class members own one voting share. Shares are not sold nor are they redeemable for any value. The class shares signify to ratio right for each class member. Income distribution calculation is not to proceed prior to the payment for payables, material costs, outside service contracts, rents and energy costs. Income distribution calculation shall not be processed on financial cycles greater than any one calendar month. (see section B (1) below paragraph 8)
6. Membership liability The liability of a member or investment shareholder of the association is limited in accordance with Cooperative Association Act.
7. Unforeseen tragedy necessitating cooperative . In the unforeseen event different cooperative BC Canada must be dissolved, all assets of DC are to be sold and all cash value be given to charities.
8. Registration of founding members. The rules of the co-op: (written guided by appendix B)
(A) with respect to members in the association
(1) Terms of admission:
First class member Age: 17 years of age or older Of average I.Q. or better. (intelligence test required). Skilled and unskilled labour.
Second class member score above average I.Q. and/or hold government certification in a trade.
Class 3 is a founding member and/or a person of above average I.Q. and/or holding Government certification in a trade or profession.
Supporting membership: Supporting members do not earn wages nor have assigned share in the co-op but have right to co-op reports and right to enter into record objections and/or commendations. Supporting members may be customers of the co-op, customers of class members of the co-op and/or financial and/or material contributors to the co-op.
(11) Rights, Obligations and limitations on Director members and/or class 3 members: generate proposals for the voting agenda. Class one and two members may submit proposals for consideration to class 3 members/directors. Members from all membership classes may have recorded in the co-ops meeting records objections and/or commendations. All members have a right to transparency and/or access to co-op information, therefore it is the obligation of class 3 members to prepare and publicize accounting and co-op activity information in time intervals of no greater than one calendar month. All class members are and have formed legally binding contract with the co-op to serve according to the terms of their contract(s). Obligations to the co-op extend no farther than their contracts state. Contracts are formed as customers need work done. All members are representative of and for the co-op.
Separate contracts: Class members as representatives of Eco Tek Canada Co-op may contract as individuals with non-member people. Eco Tek usage fees may apply. Financial management of separate contracts of individual Eco Tek Canada members with general pubic is the sole repsonsibility of that individual and personal income derived from separate individual contracts. A 2.5% Eco Tek Canada name usage is charged to the Eco Tek Canada class member.
Collective contracts: Eco Tek Canada may contract as a labour collective. Financial management for Eco Tek Canada collective contracts is Eco Tek Canada’s responsibility. Contract fees are assigned and assessed per contract.
Separate collective contracts: Eco Tek Canada may contract as a labour collective with other individuals, agencies corporate and/or co-operative who may desire to co-operate as an extension of Eco Tek Canada. They must adopt the rules of Eco Tek Canada regarding wage profit distribution in Section B 1 in the Eco Tek Canada memorandum. The name usage fee 2.5% is applied to net income payed monthly.
(B) with respect to shares of the association/co-op
(1) A new kind of share concept is introduced here, the no value share, which can neither be transferred nor redeemed. There are 3 kinds of no value share, 1st class 2nd class and 3rd class no value shares. The no value share class signifies the members hourly wage ratio as a comparison to the other classes of no value shares having different ratios of hourly wage in relation to equal hour share of net income. Labour hours during a calculation cycle of each member added together for a sum total of member labour hours is the divisor used to establish the dollar value of second class wage defined as a ratio difference from 1 equal hourly wage profit share dividend.
(At the beginning, all hourly wage shares are to be equal.)
Class 3 receives 1.1 ratio to one equal hour share, class two receives a ratio difference of 1, class 1 receives .9 in ratio to 1 equal wage share. From total income debts and costs owing for that calculation cycle are payed first, before member labour hours are payed. Of the total net after expenses, the net is divided by the total number of member labour hours, and that calculation yields the equal ration wage value, a ratio of 1 to class 1 and 3 class member wage shares.
Each member receives according to their individual number of hours worked during the calculation cycle, multiplied by the equal ration wage value, that numerical value is then multiplied by the members class ratio number.
e.g. during a two week calculation cycle, A’ works 60 hours, B’ works 50 hours, C’ works 80 hours The total sum of hours of the whole co-op is 190 hours.
Hypothetically, the net of income after expenses could be 4650.50.
4650.50 divided by 190= 24.48 per hour at a ratio difference of one equal hourly wage share.
A’ is class 1, therefor 24.48 times 60 hours= 1468.80 times .9= 1321.92 (22.03 per hour)
B’ is class 2, therefor 24.48 times 50 hours= 1224.00 times 1= 1224.00 (24.48 per hour)
C’ is class 3, therefor 24.48 times 80 hours= 1958.40 times 1.1= 2154.24 (26.93 per hour)
The number of shares are unlimited. Only one no value share is issued per member, and class 1 and 3 no value shares are not issued until deemed pertinent for the co-op’s operations.
Hourly wage dividend limit. Class hourly wages are in fixed ratio of difference to each other. The wage limit is the class one wage and is not to exceed living wage estimation. (presently 17.10 per hour for this geographical location, calculating from that information, class 2 wage limit is 18.81 and class 3 hourly wage is 20.69 per hour at this time)
Supporting members: Supporting members do not earn wages in the co-op but have right to co-op reports and right to enter into record objections and/or commendations. )
C) with respect to directors and officers of the association
(1)The number of directors is at the initiation of the co-op, 3. If proposed at meeting there is a need for more directors, proposals are subject to voting procedure.
(11) Contracts: Contracts with agents or persons outside the co-op membership shall not proceed without 50% plus one or greater of membership votes. Contract forms can be formalized and ratified in vote for regular service procedures.
(D) with respect to the financial management of the association
1) prior to labour dividend payments, amounts owing by the co-operative are payed, the net income is then divided into dividend payments for labour hour contributions for that operational duration (see section B 1 ).
(E) with respect to general meetings of the association
(1) general meetings are held as frequently as is necessary, no less than once per month
(11) proposals and voting results are to be recorded in print and distributed. Reports may be distributed via electronic media whenever conditions allow for their usage.
(F) with respect to meetings of investment shareholders or of investment shareholders of a particular class of investment shares
(1) proposals of any and all classes of members are to be submitted in print and kept in archival system.
(G) the giving of notice to the association
(1) resignation should be given in print one month prior to execution of membership forfeiture or self membership suspension until if and/or when resumption of membership is desired.
(H) the service of documents of the association
(i) normal documentation for co-operative financial activity reports government taxation records requirements.
(ii) transparency policy: all documents shall become accessible at GreenTechCoOperative.ca for all members of this co-op.
(I) the execution of documents and the use and custody of the seal of the association, if any:
(1) no seal is proposed at this time. Financial documents shall require signatures of 3 directors.