Question:
I am the head trustee of our small condo association. We have six owners total in our condo association. I am looking to update our financial management (move account to a more web-friendly, easier to manage bank) and am wondering if you have any idea on how this should happen. Can we collect interest? Do we have to file taxes? Are we a business? Are we a non-profit? How are we classified? I am new to this and the prior trustee didn't know much about the money.
HBWGGWYTSNAT
Answers (34)
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