In Part II, we discuss legal rules that apply to different types of sharing activities. At the outset, however, you should consider whether there might be any legal roadblocks to your sharing plan. For example, zoning and building codes may prevent you from running a business out of your home or converting a single-family home into several units. Or, contractual restrictions in a purchase contract for a planned development or in a lease may limit how you may use your property; for instance, your condo complex may not allow you to turn your front yard into a community garden.
You'll also need to follow the applicable laws for your shared activity. For example, a carshare group will have to make sure the vehicle is registered and licensed, and passes smog requirements. A childcare co-op may have to be licensed by the state or local government.
There may also be tax consequences to your sharing arrangement. For example: