Saturday 4 June 2011

Which Legal Structure?

We have been discussing the several possible legal structures open to us, their advantages and disadvantages.
It’s really important to set the structure up as reflective as possible of the project at the beginning so we can start to build all the needs of a neighbourhood. It will also mean the project, in the form we envisage, is more sustainable.
The possibilities are a secondary co-op with 3 co-op members, a consortium of co-ops which can accept other members, a Limited liability Partnership (LLP) and a multistakeholder co-op.
We are speaking with people who have set up these structures or created the primary rules for a structure and asking them why they made the decisions they did. But no project is really like ours. So we will have to make the decision ourselves. One of the exciting parts of setting up a new project!

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