Wednesday, July 05, 2006
OP ED
If the 24 Gulf front owners form an LLC (type of corporation) to protect their private property then that LLC is responsible for any liability that arises from beach projects that the LLC undertakes .
This protects the other members of the association who are not members of the LLC from liability.
If the association then joins in with this LLC to protect the common areas like the beach club and the beach walkovers then this becomes the associations potential liability to that degree .
This is quite different than the association putting the entire association membership at risk for work being done on what is mostly private property by having every member of the association pay for the costs through the assessment method proposed by the current board and which has been contested by a group of 8 owners of which I am one.
This protects the other members of the association who are not members of the LLC from liability.
If the association then joins in with this LLC to protect the common areas like the beach club and the beach walkovers then this becomes the associations potential liability to that degree .
This is quite different than the association putting the entire association membership at risk for work being done on what is mostly private property by having every member of the association pay for the costs through the assessment method proposed by the current board and which has been contested by a group of 8 owners of which I am one.
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