There are a variety of business organizations to consider for your business, including sole proprietorships, partnerships, limited liability companies (LLC), and corporations. With all of these options, it can be difficult for people to determine if an LLC is the right choice for their situation. What is an LLC? According to the Small Business Administration,… Continue reading Benefits of Operating Your Business as a Limited Liability Company
Introduction In Louisiana, Homeowners’ Association is defined as a nonprofit corporation, unincorporated association, or other legal entity, which is created pursuant to a declaration, whose members consist primarily of lot owners, and which is created to manage or regulate, or both, the residential planned community. However, the statutes that follow these definitions do not apply… Continue reading HOA/COA: Stop Waiting to Enforce the HOA Covenants
Introduction Like an ordinary business, HOA’s depend on monthly dues and special assessments to operate. In order to operate in harmony, each owner shall pay its fair share. However, often times owners either fail to pay because they can’t or they have an issue with the association, whether right or wrong. When 1 or 2… Continue reading HOA/COA: Steps to Collect from Non-Paying Unit Owners
Introduction All too often, homeowners who are a part of associations find themselves among non-compliant neighbors. In order to limit these potential non-compliant or nuisance neighbors, some associations implement screening or background checks on potential buyers or tenants Can my HOA Screen a Potential Buyer or Tenant? Many issues which may arise for condominium and… Continue reading HOA/COA: Can Associations Screen Potential Buyers/Tenants?