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TL;DR
1. EU-INC
1.1 EU-REGISTRY
1.2 EU-DASHBOARD
1.3 EU-FAST
2. EU-ESOP
3. Taxation
4. Employment
What we DON’T want!
FAQ & Glossary
Supporting Appendices
Authors & Acknowledgments
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Corporate Principles - Pillar 1.2 EU-DASHBOARD
EU-DASHBOARD:
- Will be an optional “minimum specification” central platform for communication with the 1.1 EU-REGISTRY .
- Will be a one stop shop for all entity management tasks.
Key characteristics
- Document Creation: Admin can create essential company documents like resolutions and general meeting agendas, or upload externally drafted documents.
- Share Transactions: Should the company wish to sell or buy shares they can do this through a contract or directly within the EU-Dashboard by issuing and confirming the purchase. The EU-Dashboard will sync the transfer with the 1.1 EU-REGISTRY through API, keeping it up-to-date.
- When using the EU-Dashboard, the admin can use a guided form system, only having to fill out details such as seller, buyer, etc and number of shares being sold and price. The system will then generate a final contract, which the parties can sign digitally.
- The EU-Dashboard will store the contract and will be able to generate a certified version, providing legal proof of the transaction.
- When shares are transferred via the guided form system, the cap table will automatically update and recalculate ownership percentages.
- If a share transfer is done through an external contract, the document can be uploaded to the Dashboard. The EU-Dashboard admin will then update the cap table once the transaction is completed.
- Cap Table management and Share Certificates: Cap table simulations and calculations can be run on the EU-Dashboard, as well as issuing share certificates directly on it, or through a third-party cap table management tool.
- EU-FAST Instruments: For instruments like the 1.3 EU-FAST , the EU-Dashboard can pre-calculate the ownership percentages for founders after a hypothetical funding round, allowing them to track their commitments before completing the share issuance.
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đź“ŚÂ EXAMPLE
EU-Inc “ABC” is a brand new company. The founders have been advised that they need to deliberate on some strategic matters, and to do so through a board resolution. Not being entirely familiar with the procedures, they would turn to the Dashboard, and follow a resolution wizard where they choose the type of resolution, name the points to be decided upon, and easily create a document that comes pre-filled with their entity’s information and appropriate formatting.
Five years later, “ABC” is now a large company, with a dedicated Legal department. The Legal department uses third party entity management software to draft and archive resolutions. This software would communicate directly with the EU-Inc’s API and automatically pull the entity’s data, as well as sync information both ways as necessary.
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Next: 1.3 EU-FAST
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Got feedback?
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