> you wouldn't make a company, you'd make a social club or other hobbyist group. That's one of those "I'm not your lawyer" sort of things. The exact structure

> you wouldn't make a company, you'd make a social club or other hobbyist group. That's one of those "I'm not your lawyer" sort of things. The exact structure for a group depends a great deal on the fine print of both the group and the local legal system. I've worked with everything from a joint bank account (legally not even an organisation) right through to a holding company operated by a trust to administer a variety of different entities that got together to buy some land. The latter was a PITA but it was necessary to get the various people to actually put their money in. When your hobby is, say, running a steam railway, you need a bunch of weighty assets starting with a railway line (probably located on some land) and likely also some kind of shed to keep your steam engine in... it's very easy to end up with millions of dollars in assets even if all you really want to do is pull the cord that makes the "whoo whoo" noise.