Cohousing-L Mailing List: Re: Starting to accumulate cash - legal agreements

[Fred-List manager (fholson]

Jack & Carolyn Salmon <2salmon [at] earthlink.net>
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Fred, the Cohousing-L list manager <fholson [at] cohousing.org>
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Hi Ellen,

Sounds like it is time for you to talk to an attorney. Yep, that costs
money, too. Often you can have a free initial consultation; your
attorney stands to provide significant services to your organization
over time.

You do need to have some documentation describing what you are
planning (hoping) to do and disclosing the risks involved. Each person
putting money into the project should sign indicating they know and
accept those risks.

Carolyn


On  25 May 2017 Eileen McCabe wrote:

>
>   Hello fellow cohousers!
>
>   Our group is just reaching the point where we have some expenses
> for LLC filing, possible options on land, and need to start assessing
> members.? We should be able to get a bank account in the next 30 days
> or so.? When assessing members, is there a typical letter or contract
> that members should fill out and sign?? Is this unnecessary at this
> stage?? Can anyone offer a sample document?
>
>   Thanks!
>
>   Eileen McCabe
>
>   Tammany Commons, Snohomish County, WA
>
>   "It is time to speak your truth, each of you. Do not look outside
> yourself for
> the leader. There is a river flowing very fast. Trust the river has its
> destination. You must let go of the shore, push off into that river. Keep your
> eyes open and your heads above the water. See who is in there with you and
> celebrate. The time of the lone wolf is over. Gather yourselves. We are the
> ones we have been waiting for..." -- Hopi Elders
>
> Eileen McCabe