Cohousing-L Mailing List: Setting up a For-Profit Entity

[DBunnII (DBunnII]

Hi all,

I am new to the list, living in River Rock Commons Cohousing and have been 
assigned the task of inquiring about what kind of entity (corporation, 
sole-proprietorship, etc.) is the most appropriate for setting up a 
for-profit organization for a cohousing community.  We have established a 
nonprofit entity for our HOA and now we have been told that we need a 
for-profit entity to handle misc. things like meals, food purchases, 
committee purchases/funding and all other items except those handled by our 
HOA.  We have been told that we need a tax ID number to get a checking 
account and we are questioning whether this entity should be incorporated or 
merely exist as a single unincorporated entity.

I would really appreciate some input on this subject.  I have checked the 
archives and could not really find what I was looking for although something 
tells me that this subject has been discussed on this list.

Thank you in advance for your input.

Don Bunn II
River Rock Commons Cohousing
PO Box 830
Fort Collins, CO 80522
(970) 484-1711 
dbunnii [at] aol.com