Hi, I'm part of a management company for 6 houses. It was set up as a company limited by guarantee, I think. That seems to mean that it needs audited accounts every year. This has been very difficult to achieve as no accountant wants the work for such a small company. One explained that it has the same liabilities for him as a large company but he can only charge a few hundred Euros....not worth his while.
So, now we are told that the management company could have been one with Shares and that this would not require fully audited accounts.
Changing over will be difficult, I'm sure. But it may well be worthwhile in the long run. Any advice?
So, now we are told that the management company could have been one with Shares and that this would not require fully audited accounts.
Changing over will be difficult, I'm sure. But it may well be worthwhile in the long run. Any advice?