Shares
Shares is the integer count of equity units a member holds in their syndicate. It is set on the invite, carried through on acceptance, and editable later by an admin from the Edit member dialog. Shares are how Syndik8 expresses ownership: there is no owner role, and holding shares neither adds nor removes any app permissions.
shares > 0, the member is an equity holder. Ownership-weighted calculations (cash calls and the majority-of-shares threshold used by votes) treat them proportionally to their share count.shares = 0, the member is a non-equity member. They are still a full member of the syndicate; they book, log usage, and see the calendar, but they are not included as a payer in cash calls, and they cannot cast a ballot.
How the total works
Section titled “How the total works”A syndicate’s total share count is not stored anywhere. It is computed at query time as the sum of shares across everybody who can currently hold them — an active member, with an account behind them:
total = SUM(shares) WHERE status = 'active' AND the membership has an accountThe second half matters because an invitation that has not been accepted yet is a membership with shares and nobody behind it. It takes no part in the total, and takes no part in a cash call or a vote.
This means:
- Adding a member never requires rebalancing anyone else’s shares. The total goes up by however many shares the new member holds.
- When a member leaves, their shares go to zero. They drop out of the total, and the remaining members each hold a larger fraction of what is left. The shares are not passed to anybody: selling to a named member is that member’s count going up, which an admin does separately.
- A single-asset syndicate where the three equity members hold 1 share each has a total of 3, each holds 33.3%. If a fourth equity member joins with 2 shares, the total becomes 5, the three originals each drop to 20%, the new member is at 40%. Nobody’s share count changed.
Shares are not the billing scheme
Section titled “Shares are not the billing scheme”A member’s shares describe what they own. Their billing scheme describes what they pay. The two are independent.
- An equity member (
shares = 1) can be on the Standard scheme, the Founder scheme, the Renter scheme, or any other scheme the syndicate has set up. - A non-equity member (
shares = 0) can be on the Standard scheme, the Renter scheme, or any other scheme; putting them on the “Renter” scheme is convention, not a requirement.
See Roles, equity, and member rates for the full reasoning.