Frequently Asked Question
Becoming an CondoDocs.com contributor is simple. If you are acting as an individual you must be at least 18 years of age, you must provide a government-issued ID and you shall possess every document you upload for sale. If you are an LLC, a partnership, or a corporation, your organization must be in good standing (active) and you shall possess every document you upload for sale.
Every time someone purchases a digital copy of your governing documents, you get a 50% commission based on the price to download a digital copy of the documents. You can request a payout via a valid PayPal account when you have reached at least $50 in commissions. U.S. contributors (U.S. citizen, registered alien of the U.S. or U.S. corporations) must have a validated tax form on file to request a payment and can also request a payout by bank check. Regardless of your country of residence or incorporation, the commission is calculated based on the US purchase price of the file and paid in USD currency.
Yes. By default, a digital copy of the the governing documents is made available for download for a fee of $49 (USD) but you are free to set the price you want.
U.S. individual and corporate contributors must complete Form W-9. Foreign individual contributor should complete Form W-8BEN and Foreign corporate contributor should complete Form W-8BEN-E. To determine which W-8 form corresponds to your situation, contact a tax advisor to help you submit the appropriate form.
No, there is no benefit to completing a form if you live in a country with no tax treaty with the U.S. The withholding rate is 30% whether the form is completed or not.
We don’t provide 1099s for download currently. At the end of January, we will mail you a hardcopy of your 1099. Check that we have the correct mailing address on file to ensure that you receive your form 1099.
Yes, please email firstname.lastname@example.org to request a signed statement with commissions earned and withholding tax (WHT) for any year if applicable.
We cannot provide tax advice. Without an approved form, all contributor revenue is subject to maximum tax withholding of 30%. Earnings are reported and taxable regardless of whether you have requested a payout. You only pay taxes on this income once, you do not need to pay a second time when you withdraw the funds.
Convert your condo docs into earnings.