Does an unincorporated condo association need a federal employer indentification number?

Answer 1

If the association pays employees, or if the association files federal taxes, then a Federal Employer Identification Number is required.

It's a good idea to have one; it can help legitimize and authenticate the association. As well, the association can consider incorporation as a non-profit corporation, which also helps legitimize and authenticate it.

Otherwise, with no legal standing, how does the association conduct its business?

Answer 2

Yes, an unincorporated condo association may need a federal employer identification number (EIN) if they have employees or if they file certain tax forms, such as Form 1120 for corporations or Form 1065 for partnerships. However, if the association is not required to have an EIN, they can still choose to obtain one for various purposes, such as opening a bank account or obtaining business licenses.