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Can condo president mix personal and business?

| Budgets & Finance |   Board of Directors |  


Question:

I am the president for a condo association as well as a person who has been asked to manage the property such a paying for the utility bills and handling all common area issues. The dues are paid the the association. I have the restrictive covenants and bylaws for the association. Is this enough to open a new business checking account? I'm hesitate to apply for a Tax ID number because i don't want it to interfere with my personal stuff. Would I need to file taxes? Thanks for looking


Answers (5)

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