[hackerspaces] Hackerspace legal formation and insurance

[Matthew McCabe]

The Austin Hackerspace is looking at options for forming a legal
entity and are considering an LLC or DBA.  What legal formation do the
US based hackerspaces typically use?

Also, we are looking at buying liability insurance to protect the
founders and members of the space.  Any suggestions on what level of
coverage we should have?  Or recommendations on companies that provide
cheap liability insurance?

Thank you for your help!

-Matt