Puerto Rico Articles of Incorporation of Homeowners Association

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A nonprofit corporation is one that is organized for charitable or benevolent purposes. These corporations include certain hospitals, universities, churches, and other religious organiza¬tions. A nonprofit entity does not have to be a nonprofit corporation, however. Nonprofit corporations do not have shareholders, but have members or a perpetual board of directors or board of trustees.

A Home Owners Association is an organization of homeowners of a particular subdivision, condominium or planned unit development. The purpose of a home owners association is to provide a common basis for preserving maintaining and enhancing their homes and property. Most homeowners' associations are non-profit corporations. They are subject to state statutes that govern non-profit corporations and homeowner associations. The associations provide services, regulate activities, levy assessments, and impose fines. Usually, each member of a homeowners association pays assessments. Those assessments or dues are used to pay for expenses that arise from having and maintaining common property.

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FAQ

If you're a sole proprietor, your business's legal name is your first and last name. Either way, if you want to do business under a name other than your legal business name, you're required by Puerto Rico law to file a DBA.

You can get a certificate of good standing from the business filing agency in your state. In many cases, this is your Secretary of State office (or one of its subdivisions). However in some cases, you'll need to find the equivalent agency that's responsible for filing entities and maintaining state records. What is a Certificate of Good Standing | Request One by State - Gusto gusto.com ? resources ? articles ? start-business gusto.com ? resources ? articles ? start-business

In order to obtain PCC from Puerto Rico, applicant should write an application letter explaining why PCC is being requested. The Puerto Rico Police requires a complete set of fingerprints in order to issue the clearance Certificate. Documentary proof of legal stay is also required for this process. Police Clearance Certificates | PCC - Service - Puerto Rico Realscan Biometrics ? police-clearance-cer... Realscan Biometrics ? police-clearance-cer...

Tax Free First Year: Puerto Rico offers a tax deduction of 100% on real estate and personal property taxes during the first-year of operations. One Shareholder: A minimum of only one shareholder is allowed for Puerto Rico corporations. No Authorized Capital: There is no authorized minimum capital requirement.

To obtain a Certificate of Good Standing the company must be compliant with all filed annual reports must be filed with the Puerto Rico Department of State.

You can find information on any corporation or business entity in Puerto Rico or another state by performing a search on the Secretary of State website of the state or territory where that corporation is registered. Puerto Rico Secretary of State - SecStates secstates.com ? PR_Puerto_Rico_Secretary_... secstates.com ? PR_Puerto_Rico_Secretary_...

Someone in your organisation may need a certificate of good standing as part of an application to qualify in another jurisdiction. This is evidence that they are eligible to practice as a solicitor of the Senior Courts of England and Wales. SRA | Applying for a certificate of good standing or certificate of attestation sra.org.uk ? mysra ? step-by-step-guide ? co... sra.org.uk ? mysra ? step-by-step-guide ? co...

To start a corporation in Puerto Rico, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Certificate of Incorporation with the Department of State. You can file online or by mail. The certificate costs $150 to file.

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Puerto Rico Articles of Incorporation of Homeowners Association