Re: incorporation
From: Rich Lobdill (richardlsilcom.com)
Date: Fri, 17 Jan 1997 17:12:41 -0600
In California, we and some other groups (I believe) have incorporated as
'Non-profit, mutual benefit' corportations (for mutual benefit of the
members of the corporation). We are not however a 'tax exempt' non-profit.
Also known as a 'non-profit public benefit' in CA and as a  501c(3)
corporation by the IRS (we are a 510c(4)). There is precident for Homeowners
Associations to become 501c(3) but I think you will be up against quite a
struggle to convince the IRS that a corporation formed for building (if you
are) and selling houses should be tax exempt.

Rich Lobdill
Tierra Neuva Cohousing (developed by the Grell CoHouisng Group, Inc.)
Oecano, CA


At 10:09 AM 1/17/97 -0600, you wrote:
>Our group in Buffalo, NY is interested in information regarding
>incorporating with non-profit status. For those out there who are
>incorporated, what corporate forms did you incorporate under?
>Any extra info we'd be grateful for.
>
>Buffalo Cohousing Initiative
>
>
>

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