Q Our co-op has a prospective purchaser who refuses to buy the shares in his own name. He wants the shares to be purchased by a holding company or limited liability corporation (LLC) that was created specifically for that purpose. Ho…
Tag: Types of business entity
Q I’m a board member of co-op building. We have one member of the board who is a real estate broker. He brought one issue to our attention. Our co-op is an owner of a very small piece of land that is adjacent to another building near o…
Q I have lived in a co-op in Little Neck, New York for 21 years. The shareholder-elected board of directors use their authority to mistreat the shareholders. They write letters that are nasty, rude and potentially derogatory. They’v…
Q I am looking for information regarding service contractors (i.e. cable, TV, phone) needing to set up a prior appointment to access equipment that is installed on owners’ terraces. Does the unit owner have to be at home to let the work…
Q Our board president was given a violation for doing electrical work without a permit and blamed the superintendent for reporting the work to the New York City Electrical Board. She asked the board for the reimbursement for the cost o…