Cohousing-L Mailing List: Questions on incorporating to buy building

[Anne Holzinger (anneholzinger]

Hello,
   
  I am with an active co-housing group in the Twin Cities (MN) metro area, and 
we are moving toward looking for a 12-20 unit apartment building in the next 6 
months or so.  We have not yet incorporated into any kind of corporate body.  A 
local cohousing person recommended that we incorporate as a nonprofit 
organization to buy a building since that is about the easiest way to go about 
it (at least in Minnesota).  Do others have recommendations of the kind of 
structure we might want to use?  (LLC is another one that a few people have 
mentioned.)  I am an attorney, but don't specialize in this area of law.  
   
  If there is already information in the archives on this topic, I will be 
happy to check them.  I did look under incorporation, but I didn't find 
anything quite on topic in the recent year or two.
   
  Thanks for any information you can give me!
  Anne Holzinger

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