Corporation Defined
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CORPORATION DEFINED

A corporation is a legal entity that exists until it is dissolved. It is a fictitious person and is given the same rights and obligations as a natural person. Because of its legal structure, it offers personal liability protection to its members.

Most homeowners associations are incorporated as nonprofit mutual benefit corporations. Even though they are nonprofit, they are still required to file tax returns each year.

ASSISTANCE: Associations needing legal assistance can contact us. To stay current with issues affecting community associations, subscribe to the Davis-Stirling Newsletter.

Adams Stirling PLC