Comment: You probably know more about legal entities than I do, but

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In reply to comment: Well my plan is to purchase (see in situ)

You probably know more about legal entities than I do, but

are you considering forming an LLC? That way the "purpose" could be stated as any legal activity, and you could appoint yourself as Manager. Ownership in the LLC could be just you, or you could take whatever majority interest you want and divide up the rest between the people in the community.

I'd be interested in knowing what type of entities you are looking into and why. At least that's something I can wrap my brain around.

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