As a board member or property manager, you have certain fiduciary responsibilities to your community association. Sometimes it can seem like you need an accounting degree just to keep up! Relax...we're here to help. Tanner Law Group offers newsletter articles, seminars and consulting services on important financial considerations like these:
Developing a realistic budget (and how to gain support for it from your members)
Conducting a reserve study and appropriately reserving for capital expenditures now to avoid unpopular "special assessments" later
Understanding why holding assessments flat over several years is almost always a very bad idea
Protecting the association's tax-exempt status while taking full advantage of its benefits
Avoiding property taxes on the community's common property and facilities
Understanding the most effective strategies for collecting past due assessments and knowing how to choose the right attorney to assist you (even if it's not us!)
Knowing whether or not your association needs to have an annual audit performed and how to choose the right CPA to assist your community with its financial matters
As a board member or property manager, you have certain fiduciary responsibilities to your community association. Sometimes it can seem like you need an accounting degree just to keep up! Relax...we're here to help. Tanner Law Group offers newsletter articles, seminars and consulting services on important financial considerations like these: