Who has suggested that you convert into a limited company and have they said why you should do so?
One of the members of the association has been speaking to a member of Surrey County Council who said that we should consider going to a ltd company. I want to know what benefit or pitfalls that would mean for the residents. Currently we have a chairman and secretary of the residents association (we are not a block of flats and we have no communal areas) who are a married couple (not happy about that one either but that's not the point). I need to understand why we should change to a ltd company and how this could affect me as a private individual.
Would they need to get all of the residents to agree to the Ltd company or could they go ahead without full agreement? also, we actually don't know who owns our road (we've been trying for years to find out) so how can they form a ltd company