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Re: Hello from Vedrica Forest Gardens LLC near Weippe, Idaho

Hello :Joyce-M:, Thank you for the ongoing discussion. Because of the litigation process, I feel that I should not comment further about the specifics of the Vedrica situation, and I cannot confirm or deny your statements. I hope I haven't said too much already. Regarding legal matters such as juris...

Re: Hello from Vedrica Forest Gardens LLC near Weippe, Idaho

Hello Joyce, I agree that it's important to learn from the Vedrica experience so far. But I'm not sure I would draw the same lessons. The founders of Vedrica could have used their capital savings to pay for a site with full cash and no mortgage. But instead they chose to buy a much larger site, usin...

Re: Hello from Vedrica Forest Gardens LLC near Weippe, Idaho

HI Joyce, I've now read the section you mentioned in Book 10 about the “Dark Brother” . I don't see where he had anything to say, specifically, about LLC’s or the Uniform Commercial Code. What he’s railing against is “anti-rationality” and its modern technocratic manifestations of supermarkets, over...

Re: Hello from Vedrica Forest Gardens LLC near Weippe, Idaho

Joyce: above you mention the possibility of having the land owned by a "pure trust". A quick google search will turn up many articles, mostly posted by law firms, warning that "pure trusts" and other forms of non-commercial trusts are not recognized by US courts. For example, thi...

Re: Hello from Vedrica Forest Gardens LLC near Weippe, Idaho

Hello Joyce, Thank you for these very thoughtful responses. To continue the dialog, I would like to clarify that although I'm an investing member of the LLC, I am not the mortgage holder. I am in the same position as the other members: at risk of a total loss because of the possibility that the mort...

Hello from Vedrica Forest Gardens LLC near Weippe, Idaho

One community effort in Idaho set up their land purchase and membership in an LLC. The nightmares they have been going through as a result is a true horror story. I won't even detail that story here and many readers wouldn't even believe it. One couple may have managed to hold on to their domain an...

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