Corporate Transparency Act – HOAs and Condominiums Need to Prepare for New Federal Reporting Requirements
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In response to scandals in 2021 exposing the misuse of shell companies for asset concealment, Congress enacted the Corporate Transparency Act (CTA). Effective January 1, 2024, the CTA has imposed new reporting requirements on all LLCs, corporations, and nonprofit corporations, such as HOAs and condominium associations. Click the link below to learn more about the reporting requirements and how this process will affect your community.
