As of today (September 3, 2024), the Corporate Transparency Act (“CTA”) (see What Is the Corporate Transparency Act and Why It Matters to Your Association and Board Members) remains unchanged and still requires registration of certain information by almost all boards of directors of HOAs and condos with FinCEN (the Financial Crimes Enforcement Network). Below are links to updated videos on CTA requirements for managers and board members.
CTA Video for Community Managers
CTA Video for Sharing with Board Members
For reference, the FinCEN Beneficial Ownership Information page can be found at https://fincen.gov/boi.
Feel free to share. If you have questions about the CTA or other community association issues, contact Steve Black or another attorney at Law Firm Carolinas.
Author: Steven E. Black
Articles have been Reprinted with permission from Black, Slaughter, Black.
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