There is an old saying that good fences make good neighbors. Essentially, the saying has to do with respecting boundaries and privacy rights. Unfortunately, cooperative housing creates proximity that can lead to flaring tempers and major disputes between residents....
Detroit & Chicago Business Organizations Legal Blog
How to hold a constructive annual association meeting
Annual meetings for co-op, condo, or homeowners’ associations (HOAs) are crucial for maintaining a well-functioning community. These meetings provide a platform for residents to discuss important issues, make decisions, and vote on various matters. Typically, the...
Learn about Beneficial Ownership Information (BOI) compliance
In 2021, the government enacted the Corporate Transparency Act (CTA) into federal law. Their stated aim was to combat money laundering, tax fraud, financial crimes, terrorist financing and other illegal activities. One of the requirements of the CTA was that...
The benefits of mediation for HOA conflicts and disagreements
Homeowners' Associations (HOAs) are crucial in maintaining community standards and fostering neighborly relations. However, conflicts can arise over property maintenance, rule enforcement, and financial management. For many of these cases, mediation is an effective...
How a co-op board can keep residents engaged
Sitting on coop and condominium boards can be thankless volunteer job. The list of responsibilities is typically long, ranging from fielding questions from fellow residents to staff supervision to issuing assessments for major projects. Some board members may not...
The intersection of fair housing laws and co-op governance
Fair housing laws are crucial to ensuring equal opportunity in housing, aiming to eliminate discrimination based on race, color, national origin, religion, sex, familial status and disability. These laws are primarily governed by the Fair Housing Act of 1968 in the...
Race against time: Meeting CTA deadlines or facing severe penalties
As the clock ticks towards January 1, 2025, many business owners in the United States are scrambling to understand and comply with the Corporate Transparency Act (CTA). This new legislation aims to increase transparency in business ownership and combat financial...
Essential guide to corporate governance in Homeowners Associations
Homeowners Associations (HOAs) help manage and take care of residential communities. They are legal entities that play a big part in ensuring everything runs smoothly. To do this, HOAs need good corporate governance. This means having clear rules and practices that...
How to resolve conflicting accommodation requests
The Federal Fair Housing Act (FHA) protects against housing discrimination. This law applies to many housing providers, ensuring fair treatment for all tenants. Yet, sometimes, tenants make requests that seem to conflict with each other. Here is a guide to help you...
Business succession planning: 7 key steps
In the business world, change is inevitable. Companies face changes like retirements, unexpected exits, or shifts in strategy, and they must be ready for new leaders to step in. Succession planning helps businesses stay strong by making sure they keep running smoothly...