Cohousing-L Mailing List: for-profit entity

[Howard Landman (howard]

Hi,

We at River Rock are looking at setting up the "for-profit entity" that
will comprise all the activities in which a non-profit is not allowed to
engage.  So for example, our LAN service, our TV service, etc. will have
to come under this.

My question is, how have other communities dealt with this?  What legal
steps did you have to go through and what form of organization did you
choose and why?  We've considered various alternatives from just opening
a separate bank account to getting a taxpayer ID to incorporating in one
of several ways.  What are the good and bad points of each?

It might be most effective if answers were sent to me in private email
and I summarized to the list, but of course feel free to post if you
feel it's of general interest.

        Howard Landman