|Re: Meal Preparation||<– Date –> <– Thread –>|
|From: Diana E Carroll (dianaecarrollgmail.com)|
|Date: Tue, 26 Jan 2010 09:40:08 -0800 (PST)|
Speaking from a banking perspective...what is the legal entity that owns the bank account? did you set up an LLC or does an individual own it or what? Thanks.
We've had a few things we'd like to handle as financially separate systems but couldn't figure out how to do it without registering the "club" as an LLC.
- Diana On 1/26/2010 12:30 PM, Lynn Nadeau / Maraiah wrote:
Someone just asked for insights about "splitting off" aspects of the meal system from the whole community operation. We do that with the accounting part: Separate books, and separate bank accounts, are kept for the weekly cooked meals. The account holds both the kitty for pantry supplies and the escrow money people have pre-paid for future meals. Dinner fees are paid into it; cooks are reimbursed from it; checks are written from it for pantry supplies. Ways it's not split: Our Common House Operations team supervises the systems for meals, does most of the pantry shopping, and maintains the accounting. Also, community annual assessments have included a couple of vegetable-garden "shares" so that any Monday-night cook can use our garden produce. Maraiah Lynn Nadeau, RoseWind Cohousing, Port Townsend WA www.rosewind.org _________________________________________________________________ Cohousing-L mailing list -- Unsubscribe, archives and other info at: http://www.cohousing.org/cohousing-L/
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- Re: Meal Preparation Lynn Nadeau / Maraiah, January 26 2010
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