Condo Q&A

Can condo president mix personal and business?

Written by CondoAssociation.com | Mon, May 25, 2015 @ 03:00 PM
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