first cut of the (new from scratch) Turnkey Network Systems LLC operating agreement.

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2025-03-14 09:48:17 -05:00
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# TSYS Governance Work Log
## Operating Agreement Plan
### Document Structure
- Title Page: Securities Disclaimers
- TOC
- Definitions
- Main Articles:
* Formation/Purpose
* Series Types
* Governance
* Membership/Profit
* Financials
* Services
* Capital
* Amendments
* General
- Schedules:
* A: IT Services
* B: Transactions
* C: Capital
### Key Modifications
- Add securities disclaimers
- Strengthen TBOC overrides
- Formalize series types
- Incorporate sociocracy
- Add profit interest details
- Mandate service providers
- Require electronic governance
### Open Questions
1. Specific securities disclaimer language?
2. Additional series restrictions?
3. Sociocratic governance elements?
4. Sample profit interest calculations?
5. Additional service requirements?
### Key Requirements
- TBOC overrides
- Three series types (TDCMSP, Operating, Cell)
- Five initial perpetual series
- Sociocratic governance
- Profit interests only
- Exclusive service providers
- Electronic governance
### Governance Structure
- Board oversight
- Multiple committees
- Sociocratic principles
- Centralized strategy
- Distributed decision-making
- Electronic operations