I have a property where the Management Company is a Company limited by shares. I have at this time motivated a good % of the owners to question the behaviour of the Directors. I will not go into the detail of this unless it becomes a relevant question.
I have spoken to an Accountant about a number of issues and arising out of this he stated that it was not the same sort of company as an Owners Management Company??.
We (the owners) are all shareholders and hold Certificates for each property owned.
The directors in their latest filing in relation to Dr's etc state that there are only 2 shareholders (incorrect)
How then do you convert a Management Company limited by shares to an owner management company.
I just want to get views on this that are as accurate as possible so as I can pass on to other owners.
I am sure you will understand how difficult it is to keep owners engaged and to attend meetings unless you are able to have facts.
I will appreciate any advice on the matter.
I have spoken to an Accountant about a number of issues and arising out of this he stated that it was not the same sort of company as an Owners Management Company??.
We (the owners) are all shareholders and hold Certificates for each property owned.
The directors in their latest filing in relation to Dr's etc state that there are only 2 shareholders (incorrect)
How then do you convert a Management Company limited by shares to an owner management company.
I just want to get views on this that are as accurate as possible so as I can pass on to other owners.
I am sure you will understand how difficult it is to keep owners engaged and to attend meetings unless you are able to have facts.
I will appreciate any advice on the matter.