homeowners association non profit or corporation
homeowners association should it be set up as a
non profit or a corporation? If corporation, who would get k1 ? each owner?
homeowners association should it be set up as a
non profit or a corporation? If corporation, who would get k1 ? each owner?


That is something you need to consult an attorney/CPA about. Did you have an attorney set up the legal organization? They should be able to tell you.



Here is a nice resource:
http://newenglandcondo.com/articles/137/1/Federal-Form-1120-H-990-or-1120/Page1.html