/faq/faq http://www.rockylets.org/faq/faq/what-is-a-letsystem A LETSystem is a locally initiated, http://www.rockylets.org/faq/faq/what-is-a-letsystem 09 Sep 2008 20:40:13 GMT http://www.rockylets.org/faq/faq/how-does-lets-work LETS works a little like a baby-sitting http://www.rockylets.org/faq/faq/how-does-lets-work 09 Sep 2008 20:41:50 GMT http://www.rockylets.org/faq/faq/why-do-people-start-a-letsystem When ordinary money is in short supply, http://www.rockylets.org/faq/faq/why-do-people-start-a-letsystem 09 Sep 2008 20:43:41 GMT http://www.rockylets.org/faq/faq/what-other-benefits-are-there-in-starting-a-letsystem There are many benefits to LETSystems. Some others are: http://www.rockylets.org/faq/faq/what-other-benefits-are-there-in-starting-a-letsystem 09 Sep 2008 20:44:50 GMT http://www.rockylets.org/faq/faq/what-is-multi-lets A Multi-LETSystem is a LETSystem like any http://www.rockylets.org/faq/faq/what-is-multi-lets 09 Sep 2008 20:45:48 GMT http://www.rockylets.org/faq/faq/how-do-i-join-a-letsystem Each LETSystem is independent and has its own contact person or mailing address. Once you have made a decision about which LETSystem or systems you want to join, make contact and they will tell you how much it costs. Generally people then fill in a sheet of offers and requests, their name, mailing address and phone number. The LETSystem will then inform the new member of their Registration Number within that system, which acts as their license to begin trading. Different LETSystems have different ways of renewing memberships, but generally members have to renew their membership once a year. http://www.rockylets.org/faq/faq/how-do-i-join-a-letsystem 09 Sep 2008 21:19:59 GMT http://www.rockylets.org/faq/faq/what-happens-with-my-list-of-offers-and-requests You have already listed what you want to http://www.rockylets.org/faq/faq/what-happens-with-my-list-of-offers-and-requests 09 Sep 2008 20:47:40 GMT http://www.rockylets.org/faq/faq/what-should-i-do-now-how-do-i-start-trading Your LETSystem, like all LETSystem, works best through your participation. Rather than waiting for someone to contact you about your listings, your LETSystem will best meet your needs if you use it actively, rather than passively. Contact someone perhaps who is requesting some good or service that you can offer. It may be something that you did not even consider listing in your offers in the trading sheet, something that you never considered before. Whatever it is the person you phone will be glad to make a new LETS contact. http://www.rockylets.org/faq/faq/what-should-i-do-now-how-do-i-start-trading 09 Sep 2008 21:17:49 GMT http://www.rockylets.org/faq/faq/how-do-i-get-most-personal-benefit-from-my-letsystem Your LETSystem will have the greatest http://www.rockylets.org/faq/faq/how-do-i-get-most-personal-benefit-from-my-letsystem 09 Sep 2008 20:49:23 GMT http://www.rockylets.org/faq/faq/how-much-is-a-lets-credit-worth For most business transactions it is http://www.rockylets.org/faq/faq/how-much-is-a-lets-credit-worth 09 Sep 2008 20:50:13 GMT http://www.rockylets.org/faq/faq/can-i-charge-part-lets-credits/part-australian-dollars-in-a-transaction Yes. If in providing that service you will have to pay Australian dollars for providing part of what is requested (eg for paint, petrol, or tax if you are a trades-person or professional exercising their regular occupation) you can ask for dollars to cover this needed component. Make sure that the other person understands why you are charging dollars, as this helps make sure that they feel what you are charging is fair. http://www.rockylets.org/faq/faq/can-i-charge-part-lets-credits/part-australian-dollars-in-a-transaction 09 Sep 2008 21:15:07 GMT http://www.rockylets.org/faq/faq/how-should-i-charge-in-lets-if-i-run-a-business If you run a business, a useful way to http://www.rockylets.org/faq/faq/how-should-i-charge-in-lets-if-i-run-a-business 09 Sep 2008 20:52:43 GMT http://www.rockylets.org/faq/faq/do-i-have-to-be-in-credit-before-starting-to-buy No. You do not have to be in credit before making your first buying http://www.rockylets.org/faq/faq/do-i-have-to-be-in-credit-before-starting-to-buy 09 Sep 2008 20:53:25 GMT http://www.rockylets.org/faq/faq/what-happens-if-i-leave-the-area It is a good idea to inform the Trustees of http://www.rockylets.org/faq/faq/what-happens-if-i-leave-the-area 09 Sep 2008 20:54:11 GMT http://www.rockylets.org/faq/faq/how-can-a-person-rip-off-the-letsystem Forget it. They cannot. Surprisingly LETS Credits provide one of the http://www.rockylets.org/faq/faq/how-can-a-person-rip-off-the-letsystem 09 Sep 2008 20:55:36 GMT http://www.rockylets.org/faq/faq/what-about-tax-do-i-have-to-pay-tax-on-lets-credits The Australian Taxation Office ruling on LETS, released in February 13th http://www.rockylets.org/faq/faq/what-about-tax-do-i-have-to-pay-tax-on-lets-credits 09 Sep 2008 20:56:36 GMT http://www.rockylets.org/faq/faq/what-about-insurance Your LETSystem does not provide insurance, worker's compensation, public liability nor any other coverage. These are individual matters and should be checked, if required, between the individuals involved in the transaction. If insurance is required, you may have to pay Australian Dollars to help the other person cover the cost of the premiums (unless the LETSystem has managed to enrol an Insurance Company! If you would like to help enrol an Insurance Company, contact the Trustees or the area Coordinator!) http://www.rockylets.org/faq/faq/what-about-insurance 09 Sep 2008 21:12:46 GMT http://www.rockylets.org/faq/faq/what-about-social-security It is a http://www.rockylets.org/faq/faq/what-about-social-security 09 Sep 2008 20:58:18 GMT http://www.rockylets.org/faq/faq/how-are-decisions-determined-within-this-letsystem LETSystems are democratic organisations, controlled by their members. Your LETSystem will probably have an annual general meeting for the election of office bearers and committee members. Committee meetings are usually open to members and all are invited to participate. If you are interested in participating in either the administration or development of this LETSystem, you should get in touch with the local contact or LETS Committee. Increasingly, all work done for LETS Administration or Development will be acknowledged and paid through the system! http://www.rockylets.org/faq/faq/how-are-decisions-determined-within-this-letsystem 09 Sep 2008 21:10:51 GMT http://www.rockylets.org/faq/faq/where-can-i-get-more-information The Community Development Branch of the Department of Commerce and Trade has a LETSystems Training Pack, which provides groups and individuals interested in LETS with all the information to start their own system ($25.00 + $3.70 postage and handling). There is also a video available. http://www.rockylets.org/faq/faq/where-can-i-get-more-information 09 Sep 2008 21:06:23 GMT