How do you add value by getting FHA condo approval for your community?
The Federal Housing Administration will insure mortgage loans by lenders that make a loan for the purchase of a residential condo, if the unit is in an FHA-approved condominium…
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Condominium Reserve Accounts vs. "Statutory Reserve Accounts"
For a condominium community, the best way to prepare for that inevitable expensive repair is to have a reserve fund. Otherwise, when those big ticket repairs need to be made –…
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Wisconsin law prohibits smoking in the common areas of all condominiums.
Newly built condominiums can relatively easily prohibit smoking also in individually owned units, although enforcing a smoking ban in privately owned units can be challenging.
Adding…
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Thinking of using stock legal documents to save money?
It is now easier than ever before to obtain a wide variety of legal documents online. These stock legal documents may be templates with blanks to be filled in or examples of completed documents.…
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A few years back, a candidate for President caught some flak when he said “companies are people.” Ignoring the context in which he made that statement, he was right. A corporation or limited liability company cannot do anything on its own,…
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About Wisconsin Public Benefit Corporations
On November 27, 2017, legislators in Wisconsin passed a law creating a category of business corporation identified as a benefit corporation, to be found in Chapter 204 effective February 26, 2018,…
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Enforceable Contracts Protect You
Mark Twain said:
I have signed a lot of contracts in my time and at some time, I probably knew what the contracts meant, but six months later everything had grown dim …. From one person to the…
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What is a trust agreement?
A trust is a legal entity that is separate from the individual or individuals who created it. A trust is created by a document called a trust declaration or agreement. A trust agreement is made between the creator…
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What is an estate plan?
An estate plan consists of a primary document, typically a will or a revocable living trust, that directs what happens to your property after you die. An estate plan also usually includes documents such as financial…
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FHA Condo Approval: Adding Value for Your Community
Condominium Reserve Accounts
Wisconsin Condo Law and Smoking
The Risks of Using Stock Legal Documents
Wisconsin Companies in Litigation
Wisconsin Now Recognizes Public Benefit Corporations
What happens with a breach of contract?
What is a Trust? Do I need one?
Do I need an estate plan?