How To Organize A Partnership

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How To Organize A Partnership
How To Organize A Partnership

Video: How To Organize A Partnership

Video: How To Organize A Partnership
Video: How To Make A Business Partnership Work 2024, December
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If you are tired of paying money that goes, it's not clear where. If you want to independently manage funds for the repair and maintenance of your residential building, then you need to register an HOA (homeowners' association).

How to organize a partnership
How to organize a partnership

Instructions

Step 1

Be aware that according to the Federal Law "On Home Owners Associations", you have the right to create an initiative group of owners. This group should only be represented by residents or prospective homeowners. Remember that by joining this partnership, you will be obliged to take part in resolving issues about the life of your home. Participation in general meetings of owners is mandatory. Know that the larger your living space, the more powerful your "voice" becomes.

Step 2

To register a partnership, apply to the local authorities (administration). In the application, ask for a list of apartments in a particular house (houses, you can combine several houses or a whole block), indicating the specific area of each apartment. You also need information about the property: municipal or private property. The application must indicate the approval of the candidacy of the HOA representative, which will represent the interests of the partnership in the future. Some other requests and points regarding the further activities of the HOA can also be made.

Step 3

Next, you need to hold the first meeting of owners. Notify all HOA participants about the upcoming meeting no later than ten days in advance. Prepare a draft partnership charter, sample meeting minutes and voting sheets. In the future, you will need the charter to register a partnership.

Step 4

At the first meeting, a mandatory item is the approval of the charter. You also need to choose a management method (options: a homeowners' partnership, a management organization or owners of premises in an apartment building). In the event that the owners do not make a choice, the administration will do it. A competition will be announced for the management of this house. Be aware that if your house does not have its own checking account, then all funds go to the management company. And their distribution remains with your management company. Be aware that any member of the HOA has the right to receive information on how funds are spent. An audit commission must be created in each HOA.

Step 5

To register an HOA, you should contact the tax office. Submit the following documents (minutes of the general meeting and its notarized copy, application for registration in form No. 11001, the charter of the HOA in two copies). Pay the state fee and attach the receipt of payment to the documents.

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