If you're doing work for financial compensation such as wages or equity then legally you're either an employee or a contractor. Calling that relationship by some other label doesn't change reality.
It's totally possible to found a B Corporation with a charter that formally gives decision making rights to stakeholders other than shareholders. Many such corps exist and anyone could found one as a competitor to Twitter. However this structure makes it more difficult to attract capital from outside investors.
> If you're doing work for financial compensation such as wages or equity then legally you're either an employee or a contractor.
Fair point. Apparently AirBnb petitioned the SEC to allow it to give equity to its hosts while still being a private company because that is currently illegal.
> However this structure makes it more difficult to attract capital from outside investors.
Another fair point. Outside investors seem to like to have 1 share = 1 vote, rather than 1 person = 1 vote, because then those with the most financial shares owned (typically investors) can have more decision-making power.
It's totally possible to found a B Corporation with a charter that formally gives decision making rights to stakeholders other than shareholders. Many such corps exist and anyone could found one as a competitor to Twitter. However this structure makes it more difficult to attract capital from outside investors.
https://hbr.org/2016/06/why-companies-are-becoming-b-corpora...