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| Turkey Canadian bacon grilled cheese with caramelized onions, arugula, and tomato. |
We've just begun the venture, so we're at the fundraising stage. Rather than trying to borrow all the money to start the business, or going to accredited investors through a crowd funding site, we've decided to sell a 20% interest in the soon-to-be-formed LLC to our friends, family, readers, and community. We see this as a chance for anyone who truly believes in the resiliency of the local and slow food movement to help us create more demand for our local farmers.
Shares are $100 each, and represent a 0.1% share of the company. After we've been in business a few quarters, we plan to start buying back the shares over a 5 year period. During that time, by law, the LLC must pay each co-owner (known as members in New York) their percent of the net profits.
Visit the Good to Go Organic and Local Food web site, read the business plan, and decide for yourself. We're sure you'll see this as a great way for the slow, organic, and local food community to create more demand for food that gets eaten as close to where it's grown as possible. And while we're not getting too dreamy about the whole thing, we see this as a kind of co-op model for financing these kinds of ventures as an excellent opportunity for investors and those who want to do something similar.
So, please, get involved today. We're also looking for suppliers of organic and local food in the Cherry Valley, Cooperstown, and Sharon Springs New York area. If you have any questions, just leave a comment, or contact me directly (scott at supak dot com).
