T
tango_india
Guest
I recently bought a flat in a 2 unit condominium building. The other owner and I are the new owners of the condominium and we both live in the premises. We want to establish a Home Owner's Association (HOA) to take care of the insurance and maintenance of the building. We also want to open a bank account under the HOA name.
How do I go about this? I've asked several agencies here in San Francisco and they've given me different answers. Do I need to file for a Tax ID? Do I need to establish a corporation? Or can the other owner and I just open a joint account and not establish the HOA.
Any info on this will be greatly appreciated.
How do I go about this? I've asked several agencies here in San Francisco and they've given me different answers. Do I need to file for a Tax ID? Do I need to establish a corporation? Or can the other owner and I just open a joint account and not establish the HOA.
Any info on this will be greatly appreciated.