|Re: getting money up front||<– Date –> <– Thread –>|
|From: Ann Zabaldo (zabaldoearthlink.net)|
|Date: Mon, 8 Feb 2010 14:55:18 -0800 (PST)|
In re: pooling funds.You can always create an LLC or LLP and fund the entity w/ no SEC interference. They are very easy to set up. You can do it in basically 15 minutes through Harvard Business Services, Inc. -- google their website.
The company will register your name, incorporate you in the state of your choice (choose DE -- no state taxes!) and send you written By- laws and Articles of Incorporation. They'll even find you a Registered Agent -- you need someone in the state in which you incorporate to act as the official legal contact for the entity.
Costs about $500.00. Boom. You're done! And just ONE person can do this. When you move in -- transition the LLC or LLP to the Homeowner's Assn'. Best -- Ann Zabaldo Takoma Village Cohousing Washington, DC Principal, Cohousing Collaborative, LLC Falls Church VA 703 663 3911 On Feb 8, 2010, at 5:35 PM, <vandeist [at] msn.com> wrote:
Oops. I thought that it was Lancaster, PA. -------------------------------------------------- From: "Matt Lawrence" <matt [at] technoronin.com> Sent: Monday, February 08, 2010 5:26 PM To: "Cohousing-L" <cohousing-l [at] cohousing.org> Subject: Re: [C-L]_ getting money up frontOn Mon, 8 Feb 2010, vandeist [at] msn.com wrote:By pulling your money, have you violated any Security & Exchange Commission (SEC) regulations? If people without a history together pool their funds,the SEC interprets that as a security. Did your group members have an extensive personal/business history with one another? Are you an LLC or incorporated? Did you create a security? Please tell. We have avoided pulling our funds, because we're new to one another as a group and didn't want to run afoul of the SEC. Now we're considering creating a security.Van Deist Venice, FLWhy should they care? They aren't governed by American laws, this is aCohousing group in the UK. -- Matt It's not what I know that counts. It's what I can remember in time to use. _________________________________________________________________ Cohousing-L mailing list -- Unsubscribe, archives and other info at: http://www.cohousing.org/cohousing-L/_________________________________________________________________ Cohousing-L mailing list -- Unsubscribe, archives and other info at: http://www.cohousing.org/cohousing-L/
- Re: getting money up front, (continued)
- Re: getting money up front Raines Cohen, February 8 2010
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