Looking for advice or a bit of a steer on finding a legal structure which will work for an emerging, slightly unusual co-op model.
We are an activist translation collective that also functions as an agency. As an Open Coop we perform socially-oriented pro-bono and paid work. Both forms of work are tallied into credits. Our Governance is such that care and reproductive work is valued and rewarded as highly as productive work and we need a legal structure that allows us to work with varying rates of pay for different types of work.
As we are operating as a distributed, digital cooperative (wanting to work with distributed ledger backend) with members in different EU countries the established legal rules and forms may not apply. The result is that we aren’t clear about our choices, their benefits and caveats, and so I am reaching out to see if there is any experience from European/international tech co-ops which might be useful.
Most of our members have their (tax) residence in Spain, yet we are not happy with Spanish coop law. At the moment, I am the only UK based member. However, the collective is designed to be transnational and we are in contact with people from different countries wanting to join.
We are looking at Company Limited by Guarantee and Limited Liability Partnership structures in the UK but with only one UK resident we have questions around banking, signatories and general resilience in goin that route
Is there any experience or advice on UK legal structure which would allow for a distributed co-operative organisational form with members not necessarily based in the UK and how to work around or work with only having one member based in the UK, particularly, in terms of banking?
Or, any other advice on alternatives available in the EU or elsewhere?
Any thoughts, comments, reflections, advice or signposting would be really appreciated.
Thanks, in advance,