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Can an HOA create a separate nonprofit entity?


Question:

This question is submitted by Nancy H. out of Delaware

 

Can an HOA create a separate nonprofit entity for its clubhouse management, including renovation and fundraising? It's a historic building. The HOA itself is NOT a nonprofit. Is it wise to create a separate entity, from a tax standpoint?






 

 

Thoughts?

meadosw v2

 


Answers (2)

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