Cohousing-L Mailing List: Re: getting money up front

[Ann Zabaldo (zabaldo]

In re: pooling funds.

You can always create an LLC or LLP and fund the entity w/ no SEC  
interference.  They are very easy to set up.  You can do it in  
basically 15 minutes through Harvard Business Services, Inc. -- google  
their website.

The company will register your name, incorporate you in the state of  
your choice (choose DE -- no state taxes!) and send you written By- 
laws and Articles of Incorporation.   They'll even find you a  
Registered Agent -- you need someone in the state in which you  
incorporate to act as the official legal contact for the entity.

Costs about $500.00.

Boom.  You're done!

And just ONE person can do this.

When you move in -- transition the LLC or LLP to the Homeowner's Assn'.

Best --

Ann Zabaldo
Takoma Village Cohousing
Washington, DC
Principal, Cohousing Collaborative, LLC
Falls Church VA
703 663 3911

On Feb 8, 2010, at 5:35 PM, <vandeist [at] msn.com> wrote:

> Oops.  I thought that it was Lancaster, PA.
>
> --------------------------------------------------
> From: "Matt Lawrence" <matt [at] technoronin.com>
> Sent: Monday, February 08, 2010 5:26 PM
> To: "Cohousing-L" <cohousing-l [at] cohousing.org>
> Subject: Re: [C-L]_ getting money up front
>
> > On Mon, 8 Feb 2010, vandeist [at] msn.com wrote:
> >
> > > By pulling your money, have you violated any Security & Exchange
> > > Commission
> > > (SEC) regulations?  If people without a history together pool their
> > > funds,
> > > the SEC interprets that as a security.  Did your group members  
> > > have an
> > > extensive personal/business history with one another?  Are you an  
> > > LLC or
> > > incorporated?  Did you create a security?  Please tell.  We have  
> > > avoided
> > > pulling our funds, because we're new to one another as a group and  
> > > didn't
> > > want to run afoul of the SEC.  Now we're considering creating a  
> > > security.
> > > Van Deist    Venice, FL
> >
> > Why should they care?  They aren't governed by American laws, this  
> > is a
> > Cohousing group in the UK.
> >
> > -- Matt
> > It's not what I know that counts.
> > It's what I can remember in time to use.
> > _________________________________________________________________
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