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How do I structure QB for a property owners association with the Lots (some improved and some not) being the constant as owners change from time to time?

 
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QuickBooks Team

How do I structure QB for a property owners association with the Lots (some improved and some not) being the constant as owners change from time to time?

Hi there, @bobbiemace

 

Thanks for posting your question here. 

 

Before going into detail, workflows vary from business to business, so I recommend speaking with your accountant. 

 

There are three different types of business structures you can choose from. 

 

First, there's a Sole Proprietorship is a business type ran by one person and in which there's no legal distinction between the owner and the business entity. 

 

Next, a Corporation is a group of people authorized by the state to act as a single entity.

 

Lastly is a Limited Liability Company (LLC), which is a private limited company. 

 

For additional info with choosing your business structure, you can refer back to this helpful guide: Choose Your Business Structure.

 

Let me know if the information provided does the trick. If you have any more questions, please don't hesitate to Reply below. 

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