Bitcoin Forum

How should the business be formed which recieves and spends only bitcoin.

Here is a scenario:

Bob and John have an idea. They present their idea and need to finance the project. They find Bill who is willing to fund their enterprise for a % of their profits.

I have seen the cryptostocks, not sure if this would be a good way to go with financing a business.

Obviously things can be done completely done by trust, keeping a ledger of activities, however is there a way to do it automatically. Such that...

1. You create a product sold online and have 3 individuals who will get compensated from the profit of the product.
2. Would the company create a wallet that can be accessed by the authorized individuals. Then a separate online wallet. Can there be a timed way to move funds around. For example I read that coinbase holds 90% in cold storage, are they doing this manually? Is there a way to have a secure way to unlock the main wallet by having all individuals provide a portion of a code... such as is done with a vault.
3. Is there a way to distribute the bitcoins easily. For example in a traditional business setting, the business gets revenues and pays its stakeholders at the end of the week. Is there a  piece of software could schedule the payments to the different wallets of the individuals.

I realize that everything is new, and this will the be the challenge and opportunity for businesses. To devise systems for easy, and trustworthy partnership.

Hope there are some bitcoin experts lurking in the newbies forum. :)

Check out the original bitcoin abstract and read up on the script capabilities documented elsewhere. A proper script should be able to do exactly what you describe.

Thanks for the reply Propellerhead67 .... was wondering if anyone has already built something like that.