Recipient
The recipient has not been chosen yet. It will be a Swedish charity with a 90 account, audited by Svensk Insamlingskontroll. The name is written here before the first payment.
How it is calculated
Net revenue is calculated automatically from the payment system. It is the sum of paid invoices minus VAT. The VAT goes to the tax authority.
Five percent of net revenue is pledged to charity. That applies from the first paying customer. The share is calculated on revenue, not on profit.
Payments are made by Teddy by bank transfer. Every payment is shown here with date, amount, recipient and receipt. The share does not change without it being stated on this page.
Receipts
No payment has been made yet. The first one happens after the first paid invoice. It is shown here with date, amount and a picture of the receipt.
Why
Teddy wants the company to give something to more people than himself. The share is set so that it holds as the company grows.