Tag: Accountant

Board Operations To Choose or Not to Choose
2014 June To Choose or Not to Choose

Running the day-to-day business of a co-op, condo or HOA of any size—be it a self-contained high-rise in Manhattan or a sprawling, multi-building community in Queens—requires not just a functional board but a team of competent outside prof…

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Q&A Q&A: Sponsor Control over the Board
2012 March Q&A: Sponsor Control over the Board

Q I serve on the board of a Brooklyn co-op which is only 52 percent shareholder  owned. Shareholders now have the simple majority on the board. Our sponsor owns  the management company (which is non-responsive), has a relationship with ou…

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Finance Year End Housekeeping
2011 December Year End Housekeeping

 Organizing and keeping a co-op or condo’s books and other records is, on the surface, not that different than keeping a  budget for one’s home.    But there are many important differences—filing deadlines, tax requirements, reports…

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Q&A Q&A: Sunshine Law and Co-ops
2010 September Q&A: Sunshine Law and Co-ops

Q Does the sunshine law pertain to co-ops? And if so how, as far as keeping shareholders in the dark about misused finances? We recently overturned our board except for the president that still is finishing her term. The new vice pre…

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