This tool will be helpful to you if you are either
- A formative or emerging team that has yet to establish a limited-liability company or
- An established entity collaborating in a shared project specific venture with others or
- You have a company but it isn’t appropriate to involve third party contributors as shareholders but you do wish to record the control and revenue share aspects for a specific project.
In either case you will be faced with the challenge of defining how the project is controlled and you may also be thinking ahead in terms of dividing revenue shares arising from any income.
The Tal Register allows you to allocate shares in defined projects. We call the shares Tals just to differentiate them. There are three classes of Tal.
Copper Tals
Copper Tals record revenue sharing aspirations where the holder isn’t involved on control.
Silver Tals
Silver Tals record control and revenue aspirations, usually for the key founding team and those that join.
Gold Tals
Gold Tals represent our ability to override Tal allocations in order to resolve disputes.