Phoenix Project Update: Sunday, August 4, 2013 Doctor Tyche
Greetings and Salutations
My apologies for the delays in missing last weeks update, so we are
merging two weeks update into one. Yes, it is I, Doctor Tyche, once
again joining you for this update. Now, most people are expecting some
topic related to the Kickstarter, and this is such an update, but not in
the manner expected. This week the focus is on Missing Worlds Media
When we began Missing Worlds Media, the company itself,
the goal was to protect the hard work from The Phoenix Project.
However, the original company was a simple partnership set up as a
Missouri DBA, consisting of five people, myself, Segev, Sithrose,
AvelWorldCreator and Terwyn. This made us very uncomfortable, especially
as time went on and more and more work was done. In effect, people were
laboring away for the benefit of this small group, from a legal angle,
so we eventually formed a corporation out of Missouri, tied to our
original partnership. But the corporate laws in MO still gave us issues,
we could expand the group, but it would still remain a small group and
not inclusive as we wished. At the beginning of July, we made the
decision to fix that.
Starting last week, Missing Worlds Media
has been operating under a new corporation, this time in Washington
State. To avoid double taxation, we let our Missouri corporation lapse,
and used the original partnership paperwork as a bridge to transition to
the Washington corporation. WA's laws regarding shareholders allows us
to do what we've wanted to for a long time - to have Missing Worlds
Media be an employee-owned company.
We have been preparing for
this transition for awhile. Quinn recently took on the role of Lead
Developer, bringing her organizational skills to bear. Once this was
done and established, as of Monday the MWM director positions were
retired and we were repositioned. Segev is reducing his involvement with
MWM in order to pursue a masters degree in Science Management, a
process which will take two years and occupy huge amounts of his time.
This weekend, under the new corporate structure, the current volunteers
as of last Friday, those who have sunk months into working on The
Phoenix Project, will be voting into place the new company transition
President, who will be then leading the structural changes needed to
position us as a fully employee-owned-company.
This is a
particularly stress-filled period for us, one where it is, sadly, easy
to jump to conclusions when presented with partial data. We had to
already deal with one incident where someone saw that we had let the
Missouri corporation lapse and without knowing of the original
partnership nor the reincorporation paperwork, jumped to the worst
possible solution. That is partially why this update involving our
business, instead of our game.
Until we did this, it was, at
least for me personally, uncomfortable. All of these people sinking
their hearts in to the game, which would only benefit five people in the
end while operating under the existing business structure, it was not
right. We made an error in our initial corporate setup by failing to
check the laws of Missouri first all those months ago, and now we have
fixed that mistake. We came out of the community, and exist for the
community. And now it is being legally bound to those able and willing
to put their heart and souls into bringing this to the community.
We began this grand adventure because we lost our home of so many
years. Now we have the last piece of the legal structure being put down,
ready in time for the Kickstarter.
Missing Worlds Media, Inc, building better worlds for you, together.