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Post by Admin on Nov 15, 2015 9:10:08 GMT -5
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Post by Admin on Nov 15, 2015 11:18:08 GMT -5
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Post by Admin on Nov 15, 2015 11:19:47 GMT -5
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Post by Admin on Dec 9, 2015 12:27:33 GMT -5
Clf Jnsn set the mood off by saying people only could speak for 3 minutes and had to be civil. Toneesha then turned over the meeting to the auditors who presented a Slide Show of the Audit with comparisons to prior years. They say SLohA is a healthy corporation and have an Unqualified Opinion which is the highest for this sort of thing. Oddly, the Treasurer, Stv Suthrd did not attend the meeting and no explanation was offered for his absence. There were some directors in attendance but I really don't recognize all of them so I cannot say who, except for Tummy Blkbrn and Clf Jnsn.
Few questions were asked among them: "Why is SLohA filing returns as a regular corporation U.S. Tax Code 1128 rather than as Homeowner Corporation U.S. Tax Code 1128H". It was stated that there were two conditions that existed and the most advantageous method of filing was utilized. Follow up Question: Which of the two conditions exist in SLohA that make it more advantageous to file as a regular corporation over that as a Homeowner's Corporation? The auditors could not answer the question but invited followup email.
The meeting took about 13 minutes.
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