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Every product is structured as a partnership (similar to the way a law firm can be a partnership). Everyone who earns App Coins in that product is a partner – which entitles them to a portion of all profits in accordance with their ownership percentage, along with access to business information and direct involvement in decision-making.

I wanted to clarify the above:

1) Though some have conceptually referred to products on Assembly like partnerships they are NOT. They are neither structured as "Partnerships" and are not housed in their own separate legal entity

2) Each product has a group of contributors that, through the rules we all agree to abide by on Assembly (https://assembly.com/terms), collectively determine the strategy and product development as well as share in any profits.

3) App Coins determine a contributors share of any profits and are awarded by the product's Core Team made up from the community. App Coins aren’t transferable, and aren’t exchangeable for other currencies. You can learn more on how App Coins and profits work here (https://assembly.com/help/revenue)

We have spent a lot of time thinking about some of the structural issues raised here. They are the kinds of issues that we see many companies working through as they try to fit new business models into existing rules and regulatory schemes. We’ve done our best to create a structure that addresses regulatory concerns while also maintaining the core principles on which we’ve founded Assembly.