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If you own aCoop , you are aware that the financial statement is prepared and distributed to shareholders every year. This document details the financial position of the corporation. As a shareholder you have a vested interest in the buildings finances,not to mention the obligation to pay the monthly maintenance. So why not develop a better understanding of the basics of “the financials” so that you can better protect your investment if something seems questionable. For those who are considering buying a coop, this document is a must read for your attorney and accountant before signing a contract. Read more
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