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Implementation: Build or Acquire

It's a single entry at the end of the list, but this is a huge part of the process and it will be different for each co-op.

  1. Activities may include land or building acquisition, (building conversion) and new construction, as well as associated loan and grant applications.
  2. Once your co-op incorporates, it will have ongoing reporting responsibilities. Keep an eye on when you need to hold annual meetings, and be sure to file annual reports to maintain your status.

This step may take several years, depending on your group’s readiness and resources. New construction will involve a team of professionals and contractors and will almost certainly bring surprises and take longer than you hope. Acquisitions will face potential requirements for building upgrades. Be sure to select your team well and ensure they have the experience and expertise you need.