|RE: CoHousing Journal||<– Date –> <– Thread –>|
|From: Rob Sandelin (robsanmicrosoft.com)|
|Date: Fri, 29 Jul 94 12:55 CDT|
Don Lindeman asked in his introductory post: > Anybody want to propose an article? Issues in the coming year will probably >address recruitment/marketing, legal/financial structures and site design -- we're >still wrestling with possibilities for the upcoming fall issue. I think it would be of great value to get a solid coverage on the topic of partnerships and incorporation, and specifically what are the mechanisms groups should use for collecting development funds, what are the things to be careful about, what are the tax ramifications, etc. There was an excellent series of articles in Growing Community newsletter about this topic which could be condensed into information relevant to cohousing. What is a partnership and how do you create it? What are the advantages of a partnership. What about incorporation and what are the advantages of partnerships vs. corporations? What kinds of things need to be in a partnership, examples of agreements groups have used, what kind of things need to be in receipts, what kind of records need to be kept and what form do they need to be in. What is the most effective way to use an attorney to draw up legal agreements. Reading list of good books and information on this topic. ( A general critique of Cohousing magazine is that it needs more references included with feature articles.) Granted, many of the particulars of partnerships and incorporation are governed by state laws but there are a fair number of good general principles which are important. Another bit of good information would be dealing with banks. How do banks operate, what kinds of things do they care about, when should you contact banks about the project, What is FNMA and why are they important, What issues are important to have in your legal definitions, What can a group do to make their bank application a success, how do you get a good deal on interest and other fees, what are alternative sources to commercial banks. What are strategies existing groups have used to get bank funding, lists of banks which have funded cohousing which could be used for references, reading list of good books and information on this topic.
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