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Learn how to check your association's 'Good Standing' status. Avoid the consequences of losing Good Standing and how to file a current Annual Report with the Secretary of State.
There are many opportunities to serve on the board of a nonprofit corporation, whether a public charity, private foundation, home-owner association, trade association, or church. Before joining a nonprofit board, however, you should consider the liability protections you can expect under the North Carolina Nonprofit Corporation Act, the nonprofit corporation’s governing documents and the nonprofit corporation’s directors’ and officers’ liability insurance policy.
For many of the nation's 351,000 homeowner associations, January through March is a time for welcoming newly elected board members. But what happens next can define the success or failure of the community. Ultimately it is the elected board that is responsible for governance, leadership, and decision-making. One brief hour of orientation or education can make all the difference. Not just for newly elected members but also the entire board.
Do your HOA homework before making an offer.
Members Only Articles
Do and Don'ts for Chosing the Right Tree Service for Your HOA
In order to operate a successful community association, there are many important facets of association governance that must be understood and implemented by its board of directors. One of the most important is the budgeting process.
Additional steps you can take to avoid costly Director's & Officer's insurance claims.
Steps you can take to avoid costly Director's & Officer's insurance claims.
Board members must interface with their membership, management team, association vendors and other members of the public pragmatically at all times. Following are my personal "Eight Golden Rules" to assist you with achieving that goal.