forming a non-profit cooperative

[patricia3]

some friends and I are interested in starting anon-profit cooperative that would provide affordable housing for state prisoners about to be released back into the community. In addition, we would also be living in the initial property acquisition. How do we go about setting this up legally?

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PATRICIA LICKFELDT

 

[HomeGuru]

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by patricia3:
some friends and I are interested in starting anon-profit cooperative that would provide affordable housing for state prisoners about to be released back into the community. In addition, we would also be living in the initial property acquisition. How do we go about setting this up legally?

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First you would need to set up and register the corporate entity then use the entity as purchaser of the property. There are various ways to set it up such that the corporation can receive donations, grants etc. Consult with a business law attorney that has experience in handling nonprofit organizations.