I own 10acres of
land in N. Idaho and I don't owe payments on it. I want to start an ecovillage here and have started finding my people.
My original plan was to have people sign contracts and do background checks to protect all parties involved, with a process that is similar to an official rental agreement with eviction terms and the whole 9yrds, just exchanging work for room and board instead of $. Then I/we would try to get this up and running while I maintain my position as the lead to start (since it is currently my land and too many chiefs gets complicated, especially for something sorta delicate like this, just starting out). Then, once it gets stable, I thought that I might make an LLC and
sell shares of it to members with a full consensus governing system. (It will have to remain fairly small since it is only 10acres so I thinn full consensus is *probably*
sustainable enough. Looking into it though.) That way too my only asset isn't tied up as an ecovillage if I ever decide to move away, also, and it ideally remains stable and functional if I leave it someday.
My question is, has anyone done it this way and do they have any wisdom to impart?
Also someone pointed out that I
should make this be an LLC right away, before I even get people out there, to protecr myself and the property. Then I suppose I could add people to it later?
Thoughts???
Thanks!!!