# A private ARPA requires new legal organization structures [[Legal structures are intimately tied to the question of how money works in an organization]] so this note is the dual to [[How does money work in PARPA?]]. ### Could PARPA be a normal for-profit company? [[A normal for-profit structure would hamstring an ARPA-riff]] ### Should PARPA be a non-profit organization? At the same time, [[The traditional non-profit structure is a bad idea for an organization that requires a significant chunk of capital and produces uncertain results on a long timescale]] If traditional for-profit and non-profit structures would both stand in the way of successfully executing on an ARPA-riff, does that make the idea dead on arrival? Possibly! But there might be a third way. If you can create a structure that other people are willing to agree to and doesn’t violate any laws, [[There are no first principles for legal structures]] that will stop you. ### A middle road? * [[PARPA could walk the line between profit and non profit]] * [[Employee-ownership could enable PARPA to align long-term incentives]] * [[PARPA needs a constitution with checks and balances]] ### Questions * [[What’s the difference between Prime Coalition and an L3C?]] * [[How does Prime Coalition’s fund work? Are the investments all earmarked? To they get to keep returns?]] * Does being a non-profit limit the ways you can get money? * Employee owned thing? ### Related * [[A new structure for scalable research]] Some organizations with interesting structures * [[Research Bridge Partners]] * [[Prime Coalition]] * [[OpenAI LP - Post]] * [[Media Lab]] <!-- #evergreen #hypothesis --> [Web URL for this note](http://notes.benjaminreinhardt.com/A+private+ARPA+requires+new+legal+organization+structures) [Comment on this note](http://via.hypothes.is/http://notes.benjaminreinhardt.com/A+private+ARPA+requires+new+legal+organization+structures)