Cohousing-L Mailing List: Re: New Topic: LLC

[Alice Alexander (alicecohous]

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
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-- 
Alice Alexander
Executive Director
www.cohousing.org <http://www.cohous.org>
[image: The Cohousing Association]