Session materials from “Creating a New Co-op – 3 - Incorporation & Bylaws,” presented by Corrigan Nadon-Nichols and David "Rosebud" Sparer at NASCO Institute 2016.
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.