Legal Entities

Why do we need a corporate structure?
In the United States, in order to conduct any business, you must be acting as a legal entity. Individual people are legal entities, and when most of us do anything involving money whether working for a wage, buying a tube of toothpaste, or buying a house, your own personhood is the legal entity. This is fine for day to day life, but there are a lot of limitations to acting as an individual.

Suppose you own a bicycle, and you want to share that bicycle with the community. You could write a bike sharing contract

Existing resources
|Common Common House LLC Operating Agreement

Point A |Comparison Chart between GCA, LCA and LLC

Point A |Investigation Questions for GCAs, LCAs and LLCs

| "Getting Incorporated" from NASCO's shared resource library

| "Non Profit Incorporation" from NASCO's shared resource library

| "Sample Articles of Incorporation" from NASCO's shared resource library


 * 1) 2D2D2D,#FFFFFF:The | "Economics" section#2D2D2D,#FFFFFF: of the FEC's resource library

The | "Economics" tag of the FEC's resrouce library

The | "Budgets" tag of the FEC's resourece library !!LCAs |Colorado's LCA Act

A paper on |the dangers of LCAs by the University of Wisconson's Center for Cooperatives

|A critique of LCAs, with response from the lawyer who created LCAs

An article by Jimmy Kroger on the |tax implications of LCAs (see page 4)

|A debate in Cooperative Grocer over LCAs

!!LLCs |Documents for Common House, the LLC of ACDC