Cohousing-L Mailing List: Re: Early Bank Account Types for Explorer Membership Dues and Professional Fees

[Mark Owkes (mark.owkes]

Hi Pare,

Congrats on getting your group started!

My group opened a bank account before forming an LLC.  We got an EIN number 
from the IRS and that was all we needed to open the account.  Running all the 
money through the cohousing bank account made the finances very clear.

Mark
Bozeman Cohousing
On Feb 24, 2021, 7:03 AM -0700, Fred-List manager <fholson [at] cohousing.org>, 
wrote:
> Pare Gerou <paregerou [at] gmail.com>
> is the author of the message below. It was posted by
> Fred, the Cohousing-L list manager <fholson [at] cohousing.org>
> due to a format problem.
> ------------------- FORWARDED MESSAGE FOLLOWS --------------------
>
> Hello Everyone,
>
> Greek Village Cohousing has been at it now for 4 short months and the
> interest is strong. I am collecting my first explorer dues, and several
> more have requested explorer status this week. We are not yet an LLC. How
> did you bank the explorer dues, and group collections for use of
> professionals, at the beginning of formation? I want to ensure I am
> handling money responsibly and am perceived as doing so. I also need to
> navigate personal liability when collecting money.
>
> Pare Gerou
> Greek Village Cohousing
>
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