Re: Re: Membership sale agreement questions | <– Date –> <– Thread –> |
From: Stephen Hawthorne (hawthornacpub.duke.edu) | |
Date: Mon, 18 Apr 94 13:20 CDT |
Lynn: We incorporated as Blue Heron because on advice of atty we didn't want to be on the title chain as individuals. If there is an environmental cleanup ordered on the land at some date, we would be liable to the extent of our assets as individuals for the cleanup if we owned the land as a partnership. So we set up a simple corporation for developing the land. Our names as individuals do not appear in the title chain, so any liability will be contained by the corporation and will be limited to the extent of the assets of the corporation. We've been dealing with the Self-Help Credit Union in Durham. and they take us quite seriously, and are starting to deal with the Nat. Cooperative Bank in Wash, DC. Them too. We've dealt with them because more traditional and conservative bankers don't understand what we are about, and so have a hard time, understandably, taking us seriously. But then I don't take them very seriously either. Stay in touch, Stephen at Blue Heron
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Membership sale agreement questions Rob Sandelin, April 15 1994
- Re: Membership sale agreement questions Stephen Hawthorne, April 15 1994
- Re: Re: Membership sale agreement questions Lynne Farnum, April 18 1994
- Re: Re: Membership sale agreement questions Stephen Hawthorne, April 18 1994
- Re: Re: Membership sale agreement questions Martin Schafer, April 18 1994
- Re: Re: Membership sale agreement questions Rob Sandelin, April 18 1994
- Re: Re: Membership sale agreement questions Rob Sandelin, April 18 1994
- Re: Re: Membership sale agreement questions Stephen Hawthorne, April 19 1994
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