|Re: New Topic: LLC||<– Date –> <– Thread –>|
|From: Ann Zabaldo (zabaldoearthlink.net)|
|Date: Tue, 1 Sep 2015 06:40:27 -0700 (PDT)|
Hi Crystal — Now where was I …? I banished the touch pad to the left side of the desk far from the keyboard … Let me add to Alice’s points about why an LLC is an important tool for forming groups. 1. An LLC adds legitimacy to the people you are marketing to — enrolling people into your community takes a big upswing when you “are” something. 2. It is one of the steps that a group can take that shows it’s maturing as a group. 3. It shows seriousness. Not just talking anymore. 4. It provides a base structure for your future governing documents or at least the basis for discussion about what your governing documents will contain. 5. It forces you to be businesslike. There are certain activities you have to do as an LLC and practicing these now — e.g. filing taxes, renewing your LLC, etc. is good discipline for the future running a community. It helps you understand you are a BUSINESS as well as a community. Regardless of where you are in the US, you can form your LLC in Delaware. The state is totally set up for this. You pay a state tax yearly. And that’s about it. You can find companies that will do everything for you — provides your registered agent, operating agreement, by-laws, files the request w/ the state, etc. for a flat fee of about $450.00. Takes 24 hours. It’s like a Las Vegas wedding or divorce — all set up … we use Harvard Business Services for all our LLCs: https://www.delawareinc.com/ Best -- Ann Zabaldo Takoma Village Cohousing Washington, DC Principal, Cohousing Collaborative, LLC Falls Church, VA 703.688.2646 > On Sep 1, 2015, at 8:04 AM, Alice Alexander <alicecohous [at] gmail.com> > wrote: > > > Crystal, a succinct rationale: > It costs very little to form an LLC (limited liability company which is a > hybrid of a partnership and corporation) or to incorporate, and this > protects your personal assets. It also lends legitimacy to your > organization in the eyes of banks and other agencies. > Alice Alexander, Coho/US Executive Director > > On Mon, Aug 31, 2015 at 11:14 AM, Crystal Farmer < > crystalbyrdfarmer [at] gmail.com> wrote: > >> >> Hello everyone, we are working on forming our new community in Charlotte >> and we have some questions from members about why we are forming an LLC. My >> understanding is that we need an entity to hold the money we are collecting >> and protect individual members from financial repercussions. Does anyone >> have a good, short summary I can use at our next steering committee >> meeting? >> >> Crystal Farmer >> Charlotte Cohousing Community >> New website! www.cohousing-charlotte.com >> _________________________________________________________________ >> Cohousing-L mailing list -- Unsubscribe, archives and other info at: >> http://www.cohousing.org/cohousing-L/ >> >> >> > > > -- > Alice Alexander > Executive Director > www.cohousing.org <http://www.cohous.org> > [image: The Cohousing Association] > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://www.cohousing.org/cohousing-L/ > >
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