Financial Structure Before Land Purchase | <– Date –> <– Thread –> |
From: LPManiccia (LPManiccia![]() |
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Date: Mon, 25 Mar 1996 15:18:23 -0600 |
We are a newly formed cohousing group, Cascadia Cohousing. We are just starting to search for land, and before going much further, we want to set up a partnership agreement between our members that determines how large sums of money invested by our members will be handled. We would like to know how other communities have handled this. We have heard that some communities paid interest to early investing members, and others have not. If interest was paid, we'd like to know how much? Also, we're all members required to make similar investments, such as $10,000 or 10% of the projected cost? Or was each member allowed to invest as much as was feasible for them at the time? Were the investments of each member made public to the group or were they kept confidential? Any other related info would be helpful also. Leslie
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Financial Structure Before Land Purchase LPManiccia, March 25 1996
- Re: Financial Structure Before Land Purchase Rich Lobdill, March 29 1996
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