Our HOA set up a travel and event club for any of the
Our HOA set up a travel and event club for any of the homeowners to join by paying dues annually. The club plans events (trips, cruises, dinners, tours, concerts, plays, etc. locally, regionally, nationally, and internationally and offers them to Club members. The club has by-laws, a board, officers which are elected annually by club members as well as committees who plan events. No one is paid. The club has no employees and uses HOA facilities for meetings free of charge. Its only expenses are office supplies. The club collects about $6800 annually in dues which it uses to subsidize food and other costs at social events. It also collects deposits in advance of trips or events from members who sign up for trips/events and uses these deposits to pay for group dinners, tours, tickets, hotel rooms, etc. booked at a group rate. So these deposits are offset by expenses. And it makes a few dollars annually on its cash balances. Periodically, the costs for member trips exceed or are less than the deposits collected, which generates a deficit or surplus. The club was founded in 2008 and has a tax ID number which its bank required to open up accounts. But the club has never filed a tax return or applied for tax exemption under IRS section 50 (c)(7). Early in its existence the club generated a large surplus which it transferred to a separate reserve bank account. This reserve was set up in case minimum guarantees to hotels booked at group rates were not met and the club was on the hook. Generally the club's income equals its expenditures so income is near zero. The IRS has never questioned that the club did not file a tax return. Should the club file for exempt status and if it does, will it owe back taxes and penalties? I note that form 1024 requires four years of income statements. It also appears that the club must file an annual information return if it is granted tax exempt status. Can the club just continue not filing? I ask these questions as the clubs new treasurer.
I've been served a lawsuit for noncompete breach.I know they
I've been served a lawsuit for noncompete breach.I know they have forged my signature.I also notice that they forged the President of the company's signature.My previous employer was a very small company.Is the president's signature(name) allowed to be signed by anyone except himself?Is there like a power of attorney law that allows the secretary to sign his name on a legal document?
I could use some business law advice. I live in CA, I formed
Hi, I could use some business law advice.JA: What state are you in? It matters because laws vary by location.Customer: I live in CAJA: Has anything been filed or reported?Customer: I formed an LLC in WYJA: Anything else you want the lawyer to know before I connect you?Customer: Have a TX drivers licence
Counselor at Law
Austin Street Shelter has valuable information want to
Austin Street Shelter has valuable information want to set-up this corporation correctlyJA: Estate laws vary by state. What state are you in?Customer: TexasJA: What documents or supporting evidence do you have?Customer: it's whistle blowing corporationJA: Anything else you want the lawyer to know before I connect you?Customer: i don't want this corporation to know's i want it to be international
Are you familiar with social security laws? well i meant as
are you familiar with social security laws?JA: No. I'm the Corporate Lawyer's Assistant.Customer: well i meant as soical security benefitsJA: What state are you in? And have you consulted a local attorney?Customer: PAJA: Has anything been officially filed? If so, what?Customer: nothing has been filed yet. just trying to figure out what's my positionJA: Anything else you want the lawyer to know before I connect you?Customer: nope
I have a document which a bank states is a legitimate
I have a document which a bank states is a legitimate assignment of collateral document of a loan for a coop. I find it peculiar in that there is a variety of information that seems to be missing and I question it. I think this is falsified and invalid.I. First there is no assignor address in the first sentence " KNOW ALL MEN BY THESE PRESENTS, that , whose address isII. Second there is no assignee name or address after it states : "transfer and set over unto:"III. Third where it states this ('Assignee') its successors and assigns, whose address is: NO NAME or Address is givenIV. No stock certificate, or certificate number sited laterV. The signatory seems really odd. I looked up Robert. G. Hall and he is related to Bayview but* How is he signing for Empire and or M& T Bank* How do I know that M & T Bank was formerly Empire of America FSB* How can a bank transfer a loan which was already transferred from Empire Savings Bank to RTC, DeutcheBank, and GMAC before Bayview allegedly became owner of it?* Does this seem questionable to you and how can I verify this?I have attached the document for viewing below: