I am happy to reveal that a non-profit legal entity for Mastodon, Mastodon gGmbH, is in the process of being entered into the German company register.

For context, I have been operating as a sole proprietor so far.

It's been in the works for 8 months but I didn't want to announce anything until everything was finalized just in case it didn't work out. Yesterday, I paid in the starting capital.

It wouldn't be possible without the help and advice of @mellifluousbox. More to follow in blog form.

@Gargron Congrats! How can a non-profit have a capital. Is this a german possibility ?

@jums Yes. Lifted from Wikipedia: "A gemeinnรผtzige Gesellschaft mit beschrรคnkter Haftung (gGmbH) is a special form of a limited liability company with a charitable purpose. [..] They are required to spend any profits by the end of the fiscal year it was accrued, and are allowed to build capital reserves totaling 10 percent of annual donations or 33 percent of dividends received."

@Gargron

@galaxis @Gargron thx ! I didnt get that "gGmbH" was a legal entity and not just a random name.

@uniq @jums @galaxis no, b-corps are for profit companies while gGmbh's are not for profit, like 501c3 companies in America

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