Session materials from "Creating a New Co-op - 3 - Incorporation & Bylaws," presented by Corrigan Nadon-Nichols at NASCO Institute 2015.
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Incorporation is the process of making your co-op a legal entity which can own property, take out loans, and enter into contracts. But there are often many choices that can stymie a group's progress: Corporation or LLC? Which tax-exemptions do we want? We will discuss the why and how of incorporating a co-op, with particular attention to creating bylaws for the new organizations.
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