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MikieTaps · 04-30-2009, 05:00 PM

Hey Guys and Gals,

Here is what I am looking to do.

I want to rent/lease a small warehouse mostly just to store, and to work out in when its raining, Caveman Training type equipment. Big Ass tires, chains, med balls, weights, sandbags, etc...

I have a few friends that are interested in splitting the rent with me. I am wondering if there is a way I can set up a co-op or something legal entity that I can get people to "buy into" or join, where they will be liable for their portion of the rent legally every month... mostly I am trying to figure out how to protect myself.

I was thinking about setting up a LLC and selling memberships, but I would like to avoid the headaches of the accounting/legal/tax issues that brings up... I am a CFO for a Tech Start up... I have enough headaches to deal with as it is.

Does anyone have any advice on any formal "business structures" or "co-op plans" I should consider, or is there anything I am missing, like needing insurance etc... Thanks!

04-30-2009, 05:00 PM	#1 (permalink)
MikieTaps Junior Member Join Date: Apr 2009 Posts: 2	Co-Op Hey Guys and Gals, Here is what I am looking to do. I want to rent/lease a small warehouse mostly just to store, and to work out in when its raining, Caveman Training type equipment. Big Ass tires, chains, med balls, weights, sandbags, etc... I have a few friends that are interested in splitting the rent with me. I am wondering if there is a way I can set up a co-op or something legal entity that I can get people to "buy into" or join, where they will be liable for their portion of the rent legally every month... mostly I am trying to figure out how to protect myself. I was thinking about setting up a LLC and selling memberships, but I would like to avoid the headaches of the accounting/legal/tax issues that brings up... I am a CFO for a Tech Start up... I have enough headaches to deal with as it is. Does anyone have any advice on any formal "business structures" or "co-op plans" I should consider, or is there anything I am missing, like needing insurance etc... Thanks!