Cohousing-L Mailing List: Re: Meal Preparation

[Diana E Carroll (dianaecarroll]

Speaking from a banking perspective...what is the legal entity that owns 
the bank account?  did you set up an LLC or does an individual own it or 
what?  Thanks.

We've had a few things we'd like to handle as financially separate 
systems but couldn't figure out how to do it without registering the 
"club" as an LLC.

- Diana

On 1/26/2010 12:30 PM, Lynn Nadeau / Maraiah wrote:
> Someone just asked for insights about "splitting off" aspects of the
> meal system from the whole community operation. We do that with the
> accounting part: Separate books, and separate bank accounts, are kept
> for the weekly cooked meals. The account holds both the kitty for
> pantry supplies and the escrow money people have pre-paid for future
> meals. Dinner fees are paid into it; cooks are reimbursed from it;
> checks are written from it for pantry supplies.
>
> Ways it's not split: Our Common House Operations team supervises the
> systems for meals, does most of the pantry shopping, and maintains the
> accounting. Also, community annual assessments have included a couple
> of vegetable-garden "shares" so that any Monday-night cook can use our
> garden produce.
>
> Maraiah Lynn Nadeau, RoseWind Cohousing, Port Townsend WA
> www.rosewind.org
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