1. Free Legal Help, Legal Forms and Lawyers. TheLaw.com has been providing free legal assistance online since 1995. Our most popular destinations for legal help are below. It only takes a minute to join our legal community!

    Dismiss Notice

Group Owned/Rented Dwelling

Discussion in 'Other Ownership, Use & Privacy Issues' started by aaron2100, Oct 26, 2019.

  1. aaron2100

    aaron2100 Law Topic Starter New Member

    Messages:
    2
    Likes Received:
    0
    Trophy Points:
    1
    Jurisdiction:
    Indiana
    Hi everyone,
    I would like to set up a legal structure where a group of friends can own or rent a home together as a collective, while growing the collective's credit. What type of legal structure would be best for this?
    Thank you,
    Aaron
     
  2. army judge

    army judge Super Moderator

    Messages:
    32,712
    Likes Received:
    4,910
    Trophy Points:
    113


    You should speak to a local attorney (or several) regarding your proposed venture before you do anything.

    The first thing that strikes me is that your collective or combine can't improve it's credit unless it becomes a business, as in corporate entity.

    The next issue, which might be the most important, involves the effort being a "cult of human personalities".

    Such an endeavor often is doomed from the start as a form of toxic stew, driven by each individual's "id".

    Adult roommates fare worse than marriages, which tend to fail at a steady 50% rate year after year.

    I wish you well, but socialism tends to fail in a capitalist economy.

    PS:
    The one bright note, regarding collaborative adult living enterprises involves religious orders. If the adults are of similar religious (or irreligious) minds, those living schemes tend to survive.

    Think monks, sisterhoods, brotherhoods, priests, priestesses, other various like minded endeavors of political or philosophical agreement.
     
  3. aaron2100

    aaron2100 Law Topic Starter New Member

    Messages:
    2
    Likes Received:
    0
    Trophy Points:
    1
    Hi,
    Thanks for your reply. I will consider your input.
     

Share This Page