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Understanding the Financial Side of Timeshare Ownership

Timeshares have helped millions of families enjoy memorable vacations in high-quality resorts year after year. For owners who value consistency, destination options, spacious accommodations, and resort-style amenities, vacation ownership can be a practical and rewarding way to travel. Understanding how to get what is desired from a vacation ownership product is also important. Whether it…

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Resort Budgeting Tips in the New Normal

As resorts are approaching the budget season in a year that has seen the industry impacted harshly by the COVID-19 pandemic, management and boards will have to address new issues that many have not had to previously deal with. The collection of maintenance assessments could be problematic and show an increase in delinquencies. Housekeeping maintenance…

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Timeshare Termination: What We Know 40 Years Later

Many governing documents of timeshare associations define timeshare termination clauses. Some states also have laws that outline how legacy and/or potentially failing resorts can be wound down. Florida laws, for instance, give specific guidance as to how to terminate a timeshare plan even if the governing documents of the association do not, and what happens…

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Small Business Accounting for Variable Interest Entities (VIEs)

Share Small Business Accounting for Variable Interest Entities (VIEs) Do you own a construction company that leases equipment or a building from another company you also own? If yes, then you might benefit from an alternative to the accounting treatment that previously required consolidation of those related companies. Effective for years beginning after December 15,…

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