incorporation

A common-interest association may be incorporated as a nonprofit corporation or a for profit corporation, or unincorporated, or formed as an LLC.  Incorporating as a nonprofit corporation is the only recommended form, unless the association is engaged in for profit activities and desires to distribute profits to its shareholders, in which case a for profit corporation is the generally recommended form.

In some states, it is less common to incorporate an association on the theory that the condominium or other applicable statute provides all of the needed protections and guidelines for operation.  However, that is not the case in Utah.  Neither the Condo Act nor the Community Association Act provide

Members Area.  This resource is available to members.  Join us by subscribing today!


16-6a-201. Incorporators
16-6a-202. Articles of incorporation
16-6a-203. Incorporation
16-6a-205. Organization of the corporation
57-8-40. Organization of an association of unit owners under other law -- Reorganization
57-8a-228. Organization of an association -- Governing document hierarchy -- Reorganization
CounselOurHOA.com
HOA resources and laws annotated
CounselOurHOA.com
HOA resources and laws annotated