The Enterprise LLC

Every Business Enterprise in a NewVistas community is held in one place: the Enterprise Owner’s own Enterprise LLC. It is the single legal vessel through which a participant does business for the whole of his or her life in the community — and it is never sold, transferred, merged, or divided.

One for life, owned whole

A participant forms an Enterprise LLC on first leasing community-titled assets for a Business Enterprise or for contract work — including a qualifying young person starting out — and never before. It is a limited-liability company, or the single-owner form the local law provides, on Bureau 14’s template. The Enterprise Owner owns 100 per cent of it for life. No membership interest is ever sold, assigned, gifted, pledged, divided, or shared with a second member, and no participant holds more than one. It operates exactly one Business Enterprise at a time.

Four reasons keep it that way. Nothing in it is for sale, because the community holds title to every productive asset. Its history is its owner’s: the contracts, tax history, and claims of a working life stay with the person who built them. One vessel keeps the record continuous across every lease, license, and audit. And value passes as it is earned — by license, never by sale.

What it holds, and what it never holds

The Enterprise LLC holds custody of community-titled assets by lease, and never their title. What it owns outright is what it builds: its operating system — methods, procedures, records, trained process, and trade name — the intellectual property it funds independently, the licenses granted to it and by it, and its contracts and accounts. It has no employees: everyone who works in a Business Enterprise does so as its Enterprise Owner or as a contractor through his or her own Enterprise LLC.

Through succession, departure, and death

Because the Enterprise LLC is never sold, a business passes to a successor by license: the successor’s own Enterprise LLC takes a new lease and licenses the operating system, paying a profit-first royalty from what the business actually earns (see Succession by License). Those royalties and any consulting fees are accounted apart as succession receipts; after the Community 10% Fee and taxes they build the Enterprise Owner’s succession credit, which buys time — a sabbatical, community service, a lean season — and never a larger Owner’s Draw or an inheritance.

The Enterprise LLC outlasts every Business Enterprise it operates. If its owner leaves the community, it continues outside only while it holds a licensor position, receiving the royalties quarter by quarter. On its owner’s death it dissolves: its licensor positions and unlicensed operating systems pass to the Community Asset Trust, a business it was operating is licensed by the Trust to a new successor, and unused succession credit reverts to the community. Nothing passes as inheritance.

Governed by Bureau 14 (legal form), with Bureaus 16 and 19.