Knock, knock. Who's there? IRS and the State of S.C.

How serious (and expensive) would it be for the Summit's HOA, if the State of South Carolina or the IRS came knocking at its door?

Why might they knock?

Because the HOA doesn't not have a legitimate board of directors.

Because there are no legitimate directors.

Because there are no legitimate officers.

Business can't be done with the State (taxes, fees, filings) or the IRS (tax returns) because there is no one who can legally sign for the HOA.

The HOA is about to hire two people to conduct internal and external forensic audits. The HOA cannot direct them or pay them, because it requires a legitimate officer to do so.

The HOA just retained a different law firm.  Did those board members who contacted Turner Padget inform the law firm of the question about their own legitimacy to represent the HOA?

If the HOA found itself in a legal action, it couldn't even defend itself without first going to court to ask a judge to appoint someone to speak for the HOA. I don't know the legal name for a Guardian ad litem for a non-profit corporation. Trustee? Special Trustee? It won't be cheap.

Previous boards caused these problems. Previous boards ignored the questions I raised over past years. The current board inherited the problems. The current board should not continue to ignore them.

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