Recently Asked Questions
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Can a public library set up a separate LLC?
A public library is looking at the possibility of taking over the running of a medical loan closet that has been previously run by a church. The library would find a space through a partner, so it would not be on library property. The library would be responsible for cataloging the items, tracking their circulation, and applying for grants to help with funding. The local visiting nurses have volunteered to handle the distribution of equipment, and are willing to continue if the library takes it over from the church. The library's director and trustees are concerned about insuring the library to protect it in the event that someone gets hurt using a piece of equipment and there is the possibility of a lawsuit. They talked to their insurance agent and the company they use would not cover this. A discussion came up about starting a separate LLC for the medical loan closet that the library would be openly affiliated with. Would it be possible for a public library to set up a separate LLC to do this? |