207 sats \ 27 replies \ @Lux 12 Jul \ on: Stacker Saloon

PMA:

PMA stands for Private Members Association, and is usually set up by the founder of the business, company or association.

There is no legally approved structure for a Private Members’ Club, and if done correctly it operates outside the legal system.

It can take any form the owner of the business wishes; however the most common are of an unincorporated association, a trust or a private limited company.

In layman’s terms, the association or club draws up a private policy or constitution, so that all members are clear about the rules and how the company operates.

175 sats \ 6 replies \ @DarthCoin 12 Jul

Good one. I can't find it now, but few years ago I saw a video of a guy, during the plan-demic, he created a PMA for his coffee bar and accepted only registered members from his local community. People that agreed to join his PMA were allowed to enter, all others... don't.

he had a constant flow of private customers
never closed his bar
when the police thugs came at his door, they found a nice paper saying: "only private members are allowed to enter. You do not have any jurisdiction in this private property".

Simple as that.

0 sats \ 3 replies \ @Natalia 12 Jul

when the police thugs came at his door, they found a nice paper saying: "only private members are allowed to enter. You do not have any jurisdiction in this private property".

and then what happened, they just left? 👀

121 sats \ 2 replies \ @DarthCoin 12 Jul

yes. no jurisdiction on a private property. Yes, there were some isolated incidents when the thugs were entering with force, but now they are convicted to 5-8 years of prison for violating private property.

42 sats \ 1 reply \ @Natalia 12 Jul

it sounds like if anything commercial wise, you can do it under the PMA instead of registering any companies under any jurisdictions?

and how things worked between them if they transact with fiat money, I mean things are so much easier with Bitcoin now.

33 sats \ 0 replies \ @DarthCoin 12 Jul

exactly that Lux was trying to explain

0 sats \ 1 reply \ @supratic 12 Jul

will be your citadel a PMA?

21 sats \ 0 replies \ @DarthCoin 12 Jul

No, why would I need a PMA for a place where I live in peace, just for myself? Do I engage in commerce or something? No. PMA is only when you want to run a private business.

65 sats \ 5 replies \ @BitcoinAbhi 12 Jul

The company or a trust all can make their constitution under the constitution of a state. So, it's basically a slave constitution.

Am I right?

0 sats \ 4 replies \ @supratic 12 Jul

A trust is different from PMA

21 sats \ 3 replies \ @Lux 12 Jul

yes, but a trust can be a pma, or, a PMA can be set as a trust

0 sats \ 2 replies \ @mo 12 Jul

never thought it like that. Do you have any examples?

21 sats \ 1 reply \ @Lux 12 Jul

i don't, but it's simple. a PMA can be set anyhow, the founder makes the rules, the members accept them. any member or founder can have a fiduciary duty to a beneficiary, just like any other business or company, are all trusts, and it does not have to be written the word trust anywhere

33 sats \ 0 replies \ @zapsammy 12 Jul

around 2018 i visited a random bar on outskirts of a city with a friend. we wanted to enter and a man who opened the door asked "are u a member?" - "no" - "u can only enter if u r a member. it's only $10." - we paid $10 each to have an $8 drink, and laughed about this story for the next few years. now i c what may have been going on.

58 sats \ 2 replies \ @0xbitcoiner 12 Jul

I think that in Spain it is possible to grow cannabis through a private club.

127 sats \ 0 replies \ @supratic 12 Jul

In Spain you can do it without a private club (until certain quantities for private use).

Under a PMA ideally you can do whatever you want as you operate in the private, under your own laws. So participants agree with this "laws" as members. You can come up with whatever "law" you wish.

197 sats \ 0 replies \ @Lux 12 Jul

the full THC sort? sure, it's outside the legal system, same all around. Also the lawyer's BAR association is a PMA, it operates completely outside the legal system, it does not pay any taxes, it does not follow statutes and government regulations..

54 sats \ 9 replies \ @Natalia 12 Jul

can you use this PMA as the "normal company" when dealing with other companies 👀

and any more good sources to dig?

111 sats \ 1 reply \ @Lux 12 Jul

https://files.logoscdn.com/v1/files/55001908/assets/12567141/content.pdf?signature=XvBYSliv1quuQ2afNRUKkiM1axQ

0 sats \ 0 replies \ @Natalia 12 Jul

thanks @Lux

33 sats \ 0 replies \ @DarthCoin 12 Jul

The private sector of the economy is, in fact, the voluntary sector. The public sector is, in fact, the coercive sector.

33 sats \ 5 replies \ @DarthCoin 12 Jul

see the 2 previous pills

0 sats \ 4 replies \ @Natalia 12 Jul

I stored them:) but where to register it and how to maintain 👀

54 sats \ 3 replies \ @DarthCoin 12 Jul

hahaha you do not go back to the system by "register" a PMA ! See Lux pill about register - you are giving away your rights when "register" something with somebody else.

You simply write your own "constitution" and present it to your private members to agree it. That's all.

70 sats \ 2 replies \ @Natalia 12 Jul

See Lux pill about register - you are giving away your rights when register" something.

oh yes, my bad.

You simply write your own "constitution" and present it to your private members to agree it. That's all.

I can write ANYTHING as I please? but what doc is needed if I'm not using any legal docs? 👀 what name to sign if I'm not using the fiat name?

and holy shit, @lux's pill is the second most powerful thing after Bitcoin 😂

211 sats \ 1 reply \ @DarthCoin 12 Jul

It's your property - you make the rules. Write anything you want.

33 sats \ 0 replies \ @Natalia 12 Jul

after my money then my rules 👀🔥

33 sats \ 0 replies \ @supratic 31 Jul

next #606916

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