Co-ops are starting to have a moment in the U.S. and it’s, hopefully, only the beginning. While there are still many barriers to cooperatively structuring an organization, more and more amazing resources are becoming available to fill the growing need for information and support.
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More and more people are looking to the cooperative business model as we suffer through the consequences of the anticompetitive, profit-maximizing shareholder-first approach taken by most
companies since the 1980s.
Conflicts of interest arise when a real estate broker’s interests (or the interests of someone closely related to the broker) don’t line up with the interests of the buyer or seller who hires the broker.
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Step 1: Form a Nonprofit Corporation
Step 2: Adopt Bylaws
Step 3: Get an EIN
Step 4: Apply for Tax-Exempt Status
I’ve had existing clients and prospective clients here in New Mexico ask me if they should register their business in Delaware because everyone knows Delaware is all the rage for business organization.
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