|Re: 501(c)(7) and leases, and decision-making||<– Date –> <– Thread –>|
|From: Sharon Villines (sharonsharonvillines.com)|
|Date: Wed, 11 Sep 2019 06:37:24 -0700 (PDT)|
> On Sep 9, 2019, at 3:35 PM, Jonathan Reichel <jbreichel [at] gmail.com> wrote: > --The coop was registered as a 501(c)(7). Our lease is up for renewal and > as novices, we're trying to learn whether we can propose listing the > corporation on the lease rather than individual members. Does anyone know > whether this is feasible as a 5019(c)(7), and if so, have any of you done > it? I’m not familiar with 5019(c)(7) corporations but landlords rent to corporations all the time. The question is whether the corporation has a legal structure that would guarantee the rents will be paid when 2 members go off to hunt bears in Alaska. If the objective is to avoid personal responsibility, the answer is probably, no. First I would talk to the landlord. Sharon ---- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org
501(c)(7) and leases, and decision-making Jonathan Reichel, September 9 2019
- Re: 501(c)(7) and leases, and decision-making Sharon Villines, September 11 2019
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