Difference between revisions of "Structure and organization"

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== Formalizing our structure ==
 
== Formalizing our structure ==
It seems that if we are going to except money and rent property we are going to have to formalize our structure somehow. Maybe we should look at the pros and cons of some of these options. Also by incorporating in some fashion we reduce the liability each of us faces for being associated with the group.
+
It seems that if we are going to accept money and rent property we are going to have to formalize our structure somehow. Maybe we should look at the pros and cons of some of these options. Also by incorporating in some fashion we reduce the liability each of us faces for being associated with the group.
 
=== 503(c) ===
 
=== 503(c) ===
 
==== Pros ====
 
==== Pros ====

Revision as of 20:22, 12 June 2009

Formalizing our structure

It seems that if we are going to accept money and rent property we are going to have to formalize our structure somehow. Maybe we should look at the pros and cons of some of these options. Also by incorporating in some fashion we reduce the liability each of us faces for being associated with the group.

503(c)

Pros

Cons

LLC

Pros

Cons